No plans to raise more equity any time soon: AM Green founder Mahesh Kolli
New Delhi: Gentari Sdn Bhd, GIC Holdings Pte Ltd and AM Green, promoted by Greenko founders, recently announced plans for one of the world’s largest green-ammonia plants. In an email interview, Greenko founder, president and joint managing director Mahesh Kolli said an equity raise for AM Green Molecules, AM Green Technology & Solutions, and AM Green International would be done at an "appropriate time".
He added that AM Green was in talks with various international and domestic lenders to firm up debt and that construction of the ammonia plant would begin next year. He said that on achieving a production rate of five metric tonnes per annum (MTPA), AM Green would clock annual revenues of $4 billion and Ebitda of $1.6 billion.
He also said AM Green Molecules would produce 0.5 MTPA of in-situ green hydrogen, 1 MTPA of green e-methanol, 1.5 MTPA of green caustic soda and green chlorine, and various high-value downstream chemicals by 2030. Edited excerpts.
Thank you. This transaction marks a humble beginning for our cutting-edge energy-transition platform and is a strong validation of our conviction and vision to decarbonize various industries and hard-to-abate sectors such as refineries, fertilisers, chemicals, steel, aluminium and so on, not only in India but also in various OECD markets as well.
As indicated in our press release, our platform will produce 20% of India’s green-hydrogen target and 10% of Europe’s green-hydrogen import target by 2030. Our sizable capacity of green molecules will play a crucial role in decarbonising India’s industrial sector and will also travel to various OECD markets such as Germany to decarbonise the power sector, various other European markets for for fertiliser, to Japan for co-firing
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