AM Green Kakinada Cluster Joins WEF for Green Industrial Ecosystem
Key Ideas
- AM Green's investment of over $3 billion in the Kakinada Cluster to create 10,000 jobs demonstrates dedication to a green industrial ecosystem.
- The cluster aims to produce green molecules like green ammonia and hydrogen, aligning with India's renewable energy goals.
- The zero-emission operations by 2026, including a 1 MTPA green ammonia production capacity, position the cluster as a leader in decarbonisation.
- AM Green's target to produce 5 MTPA of green ammonia by 2030 will contribute significantly to India's green hydrogen targets and global decarbonisation efforts.
The AM Green Kakinada Cluster has recently become a part of the World Economic Forum’s Transitioning Industrial Clusters Initiative, with a focus on promoting economic growth, employment, and CO2 reduction. The cluster, with an initial investment exceeding $3 billion, is expected to generate over 10,000 jobs in sectors like construction and housing. Anil Chalamalasetty, the Chairman of AM Green, emphasized the importance of global decarbonisation solutions and the cluster's role in advancing a green industrial ecosystem. By participating in this initiative, AM Green aims to contribute to industrial decarbonisation globally by focusing on green molecules production like green ammonia and hydrogen. The Kakinada Cluster, set to commence operations in 2026, plans to operate with zero CO2 emissions and establish itself as a significant player in the global decarbonisation landscape. With a goal to produce 5 MTPA of green ammonia by 2030, the cluster aligns with India's green hydrogen targets and strengthens India's position in the energy transition.