AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government
The 10-year, €585 million contract supports India’s push to export green molecules and gives AM Green a long-term buyer for renewable ammonia.
- On Wednesday, India's AM Green Ammonia emerged as the sole winner of the H2Global Asian lot, securing a 10-year purchase agreement worth €585 million to supply renewable ammonia to Germany.
- Hintco, the trading arm of H2Global, conducted the auction to bridge production costs for renewable fuels. AM Green will produce ammonia at its Kakinada project in Andhra Pradesh, converting an existing natural gas complex to alkaline electrolysis.
- AM Green aims to develop 5 million tonnes per year of green-ammonia capacity across India, with Kakinada targeting 1 million tonnes yearly. "Winning through a binding competitive process is a strong validation of the readiness of our platform," said Kolli, Group President and Joint Managing Director of AM Green.
- First deliveries to Germany are expected in 2029. "A long-term contract gives producers like AM Green the certainty to invest and secures reliable supply for European buyers," said Timo Bollerhey, CEO of Hintco and co-founder of H2Global.
- Renewable ammonia enables the transport of clean energy across oceans, helping decarbonize industries that are difficult to electrify. Hintco may also purchase additional volumes using proceeds from resales in the European market.
17 Articles
17 Articles
AM Green Wins H2Global Auction, Boosts India's Green Molecule Export Ambitions
AM Green Ammonia has won the Asian lot in H2Global's auction, securing a 10-year agreement to supply renewable ammonia to Germany, valued at over 585 million euros. This deal positions India as a significant exporter of green molecules, with production slated for AM Green's Kakinada project, utilising renewable power and aiming for 2029 deliveries.
AM Green wins H2Global auction, secures €585 million German green ammonia deal
The ammonia will be produced at AM Green’s Kakinada project (Phase 2) in Andhra Pradesh, India; the company is converting an existing natural gas-based ammonia and urea production complex into a production facility
AM Green wins €585m ammonia contract
AM Green has secured a ten-year agreement worth at least €585 million to supply renewable ammonia to Germany after winning the Asian lot in a H2Global auction operated by Hintco. Hintco, the trading subsidiary used by the H2Global mechanism, will purchase Renewable Fuels of Non-Biological Origin compliant ammonia from AM Green. Additional quoted volumes may be bought using proceeds generated when the product is resold into the European market, w…
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