AM Green Kakinada Cluster Joins WEF's Industrial Decarbonization Initiative in India
Key Ideas
- The AM Green Kakinada Cluster, part of WEF's initiative, aims to drive economic growth and create over 10,000 jobs while significantly reducing CO2e emissions.
- The cluster plans to pioneer green technologies such as green ammonia and green hydrogen production, supporting India's decarbonization goals.
- By 2030, AM Green targets a production of 5 MTPA of green ammonia, aligning with India's Green Hydrogen Mission and Europe's green hydrogen imports targets.
- AM Green's commitment to a sustainable future and net-zero targets showcases India's leadership in energy transition and industrial decarbonization.
The AM Green Kakinada Cluster has joined the World Economic Forum's 'Transitioning Industrial Clusters Initiative' to foster collaboration for economic growth, job creation, and CO2e emissions reduction. This Indian cluster, with over $3 billion investment, aims to create a green industrial ecosystem generating 10,000 jobs. Anil Chalamalasetty, Chairman of AM Green, highlighted the importance of global decarbonization efforts. The cluster will kick off operations in 2026 with a one MTPA green ammonia production, supporting green hydrogen production and other green molecules. By 2030, they plan to produce 5 MTPA of green ammonia, contributing significantly to India's decarbonization goals. The cluster's commitment to zero emissions and reliance on carbon-free energy showcases their dedication to sustainability. AM Green's efforts align with India's net-zero targets, positioning the country as a key player in the global energy transition.