AM Green signs term sheet with Yara Clean Ammonia for sale of renewable ammonia

Renewable ammonia and other sustainable fuels from AM Green’s platform, would be compliant with EU RFNBO and Renewable Energy Directive requirements.

AM Green, incorporated by the founders of Greenko Group, signed a term sheet with Yara Clean Ammonia, trader and distributor of ammonia, for supply of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada.

The term sheet and the subsequent offtake agreement covers the long-term supply of up to 50 percent of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada, the companies said in a press release. The plant would produce and export renewable ammonia derived from round-the-clock carbon free energy by 2027.

“The AM Green Kakinada project expands our portfolio of ammonia produced with renewable energy and consolidates Yara Clean Ammonia’s position as a reliable supplier of low-emission ammonia to established and emerging markets like fertilizer production, cracking of clean ammonia to hydrogen, shipping fuel, power generation, and other industrial applications,” said Hans Olav Raen, CEO of Yara Clean Ammonia.

Renewable ammonia and other sustainable fuels from AM Green’s platform, would be compliant with EU RFNBO and Renewable Energy Directive requirements, the company said.

For Yara Clean Ammonia, the renewable ammonia supply will contribute to produce low-emission fertilizer and for decarbonizing other industries like shipping, power, and other industries.