RWE Supply & Trading Signs Green Ammonia Supply Agreement in India
Key Ideas
- RWE Supply & Trading and AM Green Ammonia have agreed to a long-term supply of up to 250,000 tonnes of green ammonia annually from production plants in India.
- Initial production of 50,000 tonnes per year will start in Kakinada, with future production of 200,000 tonnes in Tuticorin.
- Deliveries are set to begin in 2027, emphasizing the commitment to investing in hydrogen and low-carbon derivatives for climate goals.
- The agreement highlights AM Green's alignment with innovative contracting practices, supporting the shift towards sustainable commodity trading.
RWE Supply & Trading has signed a significant agreement with AM Green Ammonia for the supply of up to 250,000 tonnes of green ammonia annually from production plants located in Kakinada and Tuticorin, India. The deal involves an initial production of 50,000 tonnes per year in Kakinada, with plans to increase to 200,000 tonnes from Tuticorin in the future. Deliveries from AM Green's facilities are expected to commence in 2027, showcasing a strong commitment towards investing in hydrogen and its low-carbon derivatives to support industries in achieving their climate goals. Costas Papamantellos, RWE's head of International Hydrogen Investments, expressed the company's dedication to sustainability through this partnership. The agreement also reflects AM Green's ability to adapt to innovative contracting structures in line with commodity trading standards, as stated by Mahesh Kolli, the group president of AM Green. This collaboration underscores the growing trend towards sustainable practices and green technologies in the industry.