AM Green Ammonia reaches final investment decision

AM Green Ammonia B.V., a Greenko Group venture, has reached a significant milestone with the final investment decision (FID) for its 1 million-tonne green ammonia project in Kakinada, Andhra Pradesh, the company said in a statement on Tuesday. The investment amount decided for the project is around ₹12,500 crore, a person aware of the development told Mint. 

Yara, AM Green sign term sheet for sale of ammonia

Yara Clean Ammonia, the world’s largest trader and distributor of ammonia, and Greenko ZeroC, the green ammonia production arm of the India-based AM Green, signed a term sheet for supply of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada, India. This term sheet and the subsequent offtake agreement covers the