Greenko firm inks deal with Norwegian co

Hyderabad: Greenko Group company AM Green, formerly known as Greenko ZeroC, has signed a term sheet with Norwegian ammonia trading and distributing major, Yara Clean Ammonia, for the supply of renewable ammonia from the first phase of its facility at Kakinada in Andhra Pradesh.
Greenko group said the term sheet and subsequent offtake agreement with Yara Clean Ammonia covers a long-term supply of up to 50% of renewable ammonia from Phase-1 of the Kakinada facility, which will produce and export renewable ammonia derived from round-the-clock carbon free energy by 2027.
AM Green is developing one of the world’s largest green ammonia platforms starting with 1 million tonne per annum (mtpa) of production capacity at Kakinada in two phases and plans to ramp this up by 2030 to 5 mtpa, which is the equivalent of 1 mtpa of hydrogen.