AM Green Kakinada Cluster Joins WEF Initiative for Industrial Decarbonisation in India
Key Ideas
- AM Green Kakinada Cluster joins WEF's initiative to drive economic growth, employment, and reduce CO2e emissions through a collective approach to industrial decarbonization.
- The cluster's $3 billion investment is set to create over 10,000 jobs, boost local and national economies, and support industries like construction and equipment manufacturing.
- With a focus on green ammonia and hydrogen production, the Kakinada Cluster aims to be a key player in global decarbonization efforts, positioning India at the forefront of energy transition.
- AM Green plans to produce green molecules like green ammonia, green hydrogen, sustainable aviation fuel, and more, aiming for net zero targets in India and OECD markets by 2030.
AM Green Kakinada Cluster has joined the World Economic Forum's 'Transitioning Industrial Clusters Initiative' to drive economic growth, create employment, and reduce CO2e emissions through collaborative efforts. With an initial investment of $3 billion, the cluster aims to generate over 10,000 jobs, benefiting local and national economies while supporting various industries. The cluster in Kakinada, Andhra Pradesh, will focus on producing green ammonia and hydrogen, contributing to global decarbonization and energy transition. Powered by Carbon-Free Energy, the cluster will offer integrated utilities like green steam and desalinated water. AM Green plans to become a leading producer of green molecules by developing capabilities for green hydrogen, green ammonia, biofuels, and more. By 2030, the cluster aims to achieve 5 million tons per year of green ammonia, supporting India's green hydrogen production targets and Europe's green hydrogen imports. AM Green's vision is to play a significant role in decarbonization efforts, positioning India as a key player in the global energy transition.
Topics
Aviation
Energy Transition
Renewable Resources
Employment
Economic Growth
Industrial Decarbonization
Global Network
CO2e Emissions
Green Industrial Ecosystem
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