YARA CLEAN AMMONIA TO OFFTAKE RENEWABLE AMMONIA SUPPLY FROM INDIA'S AM GREEN PROJECT

Ammonia production facility and port infrastructure on East coast of India (Photo: Business Wire)

KUALA LUMPUR, May 14 (Bernama) -- Yara Clean Ammonia signed a term sheet with Greenko ZeroC, the green ammonia production arm of India-based AM Green, securing up to 50 per cent of renewable ammonia supply from Phase 1 of AM Green’s ammonia production facility in Kakinada, India.

The plant will produce and export renewable ammonia derived from round-the-clock carbon free energy by 2027, according to a statement.

Yara Clean Ammonia Chief Executive Officer, Hans Olav Raen said the AM Green Kakinada project expands its portfolio of ammonia produced with renewable energy and consolidates the company’s position as a reliable supplier of low-emission ammonia to established and emerging markets such as fertiliser production, cracking of clean ammonia to hydrogen, shipping fuel, power generation, and other industrial applications.

Meanwhile, AM Green President, Mahesh Kolli said: “Continuous focus on innovation combined with execution reinforces AM Green’s leadership position as a global clean energy transition solutions platform for low-cost green molecules such as hydrogen, ammonia, fuels and other chemicals.”

Renewable ammonia and other sustainable fuels from AM Green’s platform, will be compliant with European Union (EU) renewable fuels of non-biological origin (RFNBO) and Renewable Energy Directive requirements.

For Yara Clean Ammonia, the renewable ammonia supply will contribute to producing low-emission fertiliser and for decarbonising other industries like shipping, power, and other industries.

Headquartered in Oslo, Norway, Yara Clean Ammonia operates the largest global ammonia network with 15 ships and has, through Yara, access to 18 ammonia terminals and multiple ammonia production and consumption sites worldwide.

-- BERNAMA