AM Green wins H2Global auction for €585 million renewable ammonia supply to Germany

AM Green Ammonia has secured a 10-year agreement to supply renewable ammonia to Germany after being selected as the sole winner of the Asian lot in the latest H2Global auction conducted by HINT.CO GmbH (Hintco).

Under the agreement, Hintco will purchase renewable ammonia from AM Green for a minimum contract value of €585 million over 10 years. Additional volumes may also be purchased using proceeds generated through the resale of green ammonia in the European market.

AM Green’s bid was ranked first among the submissions received during the competitive auction process.

Renewable ammonia production planned at Kakinada

The renewable ammonia supplied under the agreement will be produced at AM Green’s Kakinada project in Andhra Pradesh.

The facility is being developed by converting an existing natural gas-based ammonia and urea complex into a renewable ammonia production facility. The project will use alkaline electrolysis technology and is planned to operate with round-the-clock renewable electricity supported by pumped-hydro storage.

The power supply configuration is designed to meet the European Union’s requirements for Renewable Fuels of Non-Biological Origin (RFNBO).

The first shipments to Germany are expected to begin in 2029. AM Green plans to export the renewable ammonia through Kakinada Seaports, which is located adjacent to the production facility.

AM Green targets European and Asian markets

AM Green, promoted by the founders of Greenko Group, is developing renewable ammonia production projects across India. The company has said its Kakinada project will serve customers in both European and Asian markets.

“From Kakinada, we will deliver renewable ammonia to European and Asian customers, turning ambitious decarbonisation targets into real industrial emissions reductions. This is an important milestone for AM Green,” said Mahesh Kolli, Group President and Joint Managing Director of AM Green.

The company is targeting 5 million tonnes per year of green ammonia production capacity across its projects in India. The Kakinada facility is being developed as a large-scale RFNBO-compliant production site.

What is the H2Global mechanism?

H2Global is a market-based mechanism designed to support the development of international markets for renewable hydrogen and hydrogen-derived products.

Under the model, its trading arm, Hintco, purchases clean hydrogen-derived products from producers and resells them to buyers. The mechanism is intended to address the gap between production costs and market demand while supporting the development of international supply chains.

“Repeated disruptions to fossil fuel supply chains have been felt worldwide. Renewable ammonia carries clean power across oceans to industries that cannot be fully electrified, with little or no carbon emissions. H2Global is bringing together governments and industry to build resilient global supply chains for clean energy and commodities,” said Markus Exenberger, Executive Director of the H2Global Foundation and Co-Founder of H2Global.

Hintco has said the complete results of the latest auction, including the other regional lots, are expected to be published before the end of 2026.