BASF and AM Green B.V. Partner for Low-Carbon Chemicals in India
Key Ideas
  • BASF and AM Green B.V. signed an MoU to develop low-carbon chemicals in India using renewable energy, aiming to offtake 100,000 tons of green ammonia per year.
  • AM Green Group, a subsidiary of Greenko founders, will focus on downstream value chains of green molecules in partnership with BASF.
  • Statkraft secures EU funding for a hydrogen production site in Emden, Germany, while Neste refrains from a renewable hydrogen project in Finland citing market challenges.
  • DHL Supply Chain and Diageo North America plan to introduce hydrogen-powered trucks to their US fleet, with Nikola Corp. deploying Class 8 trucks at the Diageo campus.
Germany's BASF and India's AM Green B.V. have signed a memorandum of understanding to explore business opportunities for low-carbon chemicals produced with renewable energy in India. This partnership includes the offtake of 100,000 tons of green ammonia annually from AM Green's Indian plants, meeting EU standards for renewable fuels. They plan to conduct feasibility studies and evaluate technologies for low-carbon chemical production. Additionally, Statkraft has secured EU funding for a hydrogen production site in Germany, while Neste has decided against investing in a renewable hydrogen project in Finland due to market challenges. DHL Supply Chain and Diageo North America are set to introduce fuel-cell electric trucks powered by hydrogen in the US, with Nikola Corp. providing Class 8 trucks at the Diageo campus. Eternal Power has secured a contract to sell green hydrogen from a project near Rostock, Germany, which includes an 80 MW electrolyzer planned for construction by the end of 2026. Air Liquide has reported growth in hydrogen-related orders from China, contributing to an increase in revenue in the Asia-Pacific region.
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