Hyderabad-based Greenko Group to become first Indian exporter of green ammonia

Hyderabad, Feb 8 (KNN) Greenko Group and German gas trader Uniper on Tuesday signed a MoU for the supply of green ammonia from the former Hyderabad-based company.

Marking first of its kind export deal, Greenko Group is likely to become the first Indian company to export green ammonia.

The two firms inked a Heads of Terms agreement for exclusive negotiations to supply 250,000 tonnes per annum of green ammonia to Uniper.

Although not specified, sources in the know said the offtake agreement is for 8-10 years, starting 2025.

Greenko, backed by GIC Holdings, Abu Dhabi Investment Authority and Japan’s ORIX Corp, will supply the green ammonia from phase one of Greenko ZeroC's 1 million tonne per annum (mtpa) production facility in Kakinada.

Anil Chalmalasetty, chief executive officer and founder and managing director of Greenko said, “We are partnering with a world-class technology partner in John Cockerill and will jointly develop large-scale green molecule projects in India.”

“Through this offtake agreement for our project which will eventually displace LNG imports and strengthen India’s green molecule ambitions as part of a wider renewable energy program that will see India run the world’s largest energy transition program,” he added.  (KNN Bureau)