India-based green hydrogen and ammonia producer AM Green on Monday (13 January) said it has partnered with global logistics group DP World to create a sustainable supply chain for green fuels and chemicals.
This collaboration will significantly enhance global decarbonisation efforts by enabling seamless exports to key consumption markets.
Under the Memorandum of Understanding (MOU), signed in December, DP World and AM Green will jointly develop logistics and storage infrastructure to facilitate the global export of 1 million tonnes per annum (MTPA) of green ammonia and 1 MTPA of green methanol.
This includes:
- Developing port infrastructure across AM Green Net-Zero Industrial Clusters to facilitate global exports,
- Developing bunkering infrastructure across Dubai, India, and Southeast Asia for green ammonia and methanol supplied from AM Green plants,
- Establishing strategic terminal infrastructure across the European Union, Far East, and UAE to provide the required zero carbon supply chain to support their transition to a low carbon economy.
AM Green is developing multiple projects across India, using renewable energy sources, including solar, wind and hydroelectric power, to produce Sustainable Aviation Fuel (SAF), green ammonia, green hydrogen, chemicals and biofuels. It has an ambitious target of 5 MTPA of production capacity by 2030, that will make a significant contribution to India’s net-zero targets and global decarbonization goals. The company has already taken a final investment decision for a 1 MTPA Green Ammonia plan in Kakinada, Andhra Pradesh on India’s eastern coast.
Mahesh Kolli, Founder, Greenko Group & AM Green, stated: “We are committed to contributing to India’s ambition of emerging as a green energy exporter and we are excited to partner with DP World to build a world-class infrastructure for the global movement of green molecules.”
“This strategic partnership will enable us to efficiently export green Ammonia, green methanol, and other sustainable fuels, enhancing the global green supply chain and supporting the global shift to a low-carbon economy.”
Yuvraj Narayan, Group Deputy CEO and CFO, DP World Group, said: “DP World aims to be essential to the future of global trade, ensuring everything it does has a long-lasting positive impact on economies and societies.”
“As part of our commitment to driving sustainable supply chains, partnering with AM Green allows us to harness our expertise in logistics and infrastructure to facilitate the global distribution of clean fuels and chemical products. Together, we aim to play a pivotal role in enabling a low-carbon economy and advancing global sustainability goals.”
Photo credit: AM Green
Published: 16 January, 2024
