AM Green, DP World join forces to establish India as global hub for green molecules
Green hydrogen and ammonia producer AM Green announced in mid-January that it has partnered with DP World, a global logistics leader, to create a sustainable supply chain for green fuels and chemicals.
According to AM Green, this collaboration will significantly enhance global decarbonization efforts by enabling seamless exports to key consumption markets.
Under the memorandum of understanding (MOU) signed recently, DP World and AM Green will jointly develop logistics and storage infrastructure to facilitate the global export of 1 million metric tons of green ammonia and 1 million tons of green methanol per year.
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 United Arab Emirates 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 million tons per year of production capacity by 2030, which the company said 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-million-ton-per-year green ammonia plan in Kakinada, Andhra Pradesh, on India’s eastern coast.
“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,” said Mahesh Kolli, the founder of Greenko Group and AM Green.
“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,” Kolli said.
Yuvraj Narayan, group deputy CEO and chief financial officer of DP World Group, added, “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.”
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