AM Green Ammonia B.V. has successfully achieved a Final Investment Decision for its first million-ton green ammonia project in Kakinada, Andhra Pradesh, India, as part of its ambitious plan to reach a production capacity of 5 million tons of green ammonia annually by 2030. The project involves the conversion of an existing urea plant into a green ammonia producing unit, with most of the production earmarked for European markets. The company has already secured partnerships with key industry players for offtake agreements and has access to carbon-free power sources through solar, wind, and pump storage projects. AM Green Ammonia is also focusing on multiple green ammonia production sites across India to contribute towards the country's and Europe's green hydrogen targets. This initiative is expected to play a significant role in accelerating the efforts to achieve net zero targets in India and OECD markets. Anil Chalamalasetty, the Founder of Greenko Group & AM Green, highlighted the importance of the Kakinada plant in providing carbon-free energy solutions globally while meeting EU RFNBO norms, emphasizing the company's commitment to decarbonizing various industries through sustainable energy solutions.