AM Green Ammonia has emerged as the sole winner of the Asian lot in Germany-backed H2Global’s latest auction, securing a 10-year renewable ammonia purchase agreement worth at least €585 million.
New Delhi, Sep 30 — AM Green Ammonia has been selected as the sole winner of the Asian lot in H2Global’s latest auction, securing a long-term purchase agreement for renewable ammonia and giving a boost to India’s ambitions in the green molecules export market.
HINT.CO GmbH, the trading arm of H2Global, will purchase renewable fuels of non-biological origin (RFNBO) ammonia from AM Green under a 10-year agreement valued at a minimum of €585 million.
The first deliveries to Germany are expected to begin in 2029. The company said additional volumes could also be purchased using proceeds generated from the resale of green ammonia in Europe.
The ammonia will be produced at AM Green’s Kakinada project in Andhra Pradesh, where an existing natural gas-based ammonia and urea facility is being converted to produce renewable ammonia using alkaline electrolysis.
The project will use round-the-clock renewable power supported by pumped-hydro storage and is being designed to meet European Union requirements. Shipments will be exported through Kakinada Seaports located alongside the facility.
AM Green’s offer ranked first among submissions for the Asian lot in the competitive bidding process. Full results covering other regional lots are expected to be published before the end of 2026.
The deal is significant for India’s emerging green ammonia industry, as developers seek long-term offtake agreements to support capital-intensive clean-energy projects.
AM Green, promoted by the founders of renewable-energy group Greenko, aims to develop 5 million tonnes per year of green ammonia capacity across India.
Its Kakinada facility is planned to have a capacity of 1 million tonnes annually and is under construction. The company describes it as one of the world’s largest RFNBO-compliant green ammonia projects.
AM Green is also developing projects in e-methanol, sustainable aviation fuel and other low-carbon molecules, along with a 1-million-tonne-per-year green aluminium facility.
