Greenko ZeroC to supply renewable ammonia to Norway’s Yara

livemint.com:

NEW DELHI : Hyderabad-based Greenko ZeroC has secured a deal to supply renewable ammonia to Norway’s Yara Clean Ammonia, the world’s largest trader and distributor of ammonia, for an undisclosed sum. Yara will use green ammonia from Greenko to produce low-emission fertilizers as well as towards low-carbon emissions in industries such as shipping and power.

Greenko ZeroC, the green ammonia production arm of renewable energy company AM Green, will supply green ammonia to Yara from the first phase of its project in Kakinada, Andhra Pradesh. This term sheet and the subsequent offtake agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green’s Kakinada facility, the companies said in a statement.

AM Green is developing a mega green ammonia facility in Kakinada starting with a production capacity of 1 million tonnes per annum, with plans to ramp up the capacity to 5 million tonnes per annum by 2030. The plant is expected to produce and export renewable ammonia by 2027.

Renewable ammonia and other sustainable fuels from AM Green’s platform will be compliant with the European Union’s renewable fuels of non-biological origin, or RFNBO, and other renewable energy directives. Yara, with its experience within global ammonia production, logistics and trade, is working towards capturing growth opportunities in low-emission fuel in the shipping and power industries, as well as for carbon-free food production and supplying renewable ammonia for industrial applications.

Yara Clean Ammonia operates the largest global ammonia network with 15 ships and has access to 18 ammonia terminals and multiple ammonia production and consumption sites across the world. “The AM Green Kakinada project expands our