In a significant move towards a sustainable and environmentally friendly future, Gentari, the clean energy division of Malaysia’s Petronas, and AM Green, founded by the visionaries behind Greenko, have joined forces with Singapore’s GIC to embark on a groundbreaking venture. Together, they will establish one of the world’s largest green ammonia platforms, producing 5 million tons per annum (MTPA) of green ammonia by 2030, which is equivalent to approximately 1 MTPA of green hydrogen.
This ambitious partnership is set to revolutionise the production of green ammonia, strategically positioned across multiple locations in India. The primary goal is to expedite efforts in achieving net-zero targets not only in India but also in OECD markets. The first exports of green ammonia from this platform to key OECD nations, including Germany, Japan, South Korea, and Singapore, are anticipated to commence in late 2025.
The responsibility for green ammonia production will fall to a unit of AM Green known as “AM Green Ammonia Holdings.” Following significant investment from Gentari, GIC, and AM Green, this unit will emerge as a fully funded platform, embarking on phased investments in various regions of India, including Andhra Pradesh, Tamil Nadu, Gujarat, Karnataka, and Himachal Pradesh.
Immense scale of this project positions the venture among the pioneers of large-scale and cost-competitive green ammonia production globally. This achievement aligns with India’s National Green Hydrogen Mission, aiming to produce one MTPA of green hydrogen, while simultaneously contributing 10% to Europe’s target for green hydrogen imports by 2030.
Crucially, the production of green ammonia will be underpinned by round-the-clock renewable energy supplied through offtake agreements with established partners and electrolysers manufactured by another unit of AM Green, “AM Green Technology & Solutions.” With its comprehensive presence along the value chain and complementary growth strategies, AM Green is ideally positioned to lead the charge in delivering large-scale, competitive solutions to decarbonise industries and economies worldwide.
Furthermore, AM Green will diversify its offerings by producing other green molecules such as green methanol, green caustic soda, green chlorine, biofuels, and various downstream high-value green chemicals through its subsidiary, “AM Green Molecules.” Additionally, a joint venture with Belgium’s John Cockerill will facilitate the manufacture of electrolysers through “AM Green Technology & Solutions,” supplying approximately 6.5 GWs of electrolysers to AM Green Ammonia by 2030.
The successful completion of this groundbreaking transaction is contingent upon meeting relevant and customary condition precedents. Citigroup Global Market India Pvt Ltd and Cyril Amarchand Mangaldas acted as the exclusive financial and legal advisors to AM Green in facilitating this monumental partnership.
Anil Chalamalasetty, Founder of Greenko Group and AM Green, expressed his enthusiasm for this collaboration, stating, “We are delighted to partner with Gentari and GIC, to venture into the global low carbon green economy. The commitment from Gentari and GIC underpins Prime Minister Modi’s vision for India to become a leader in the global energy transition. This strategic partnership will work to accelerate net-zero targets of various industries and several OECD economies. Continuous focus on innovation combined with execution will ensure our venture, AM Green, remains ahead of others in becoming a global clean energy transition solutions platform.”
Sushil Purohit, CEO of Gentari, emphasised the importance of industry-level collaborations, saying, “As Gentari expands our portfolio of clean energy solutions in Malaysia, Asia Pacific, and beyond, we believe in the critical importance of industry-level collaborations that combine complementary strengths and unlock synergies. This partnership with AM Green and GIC is a testament to our commitment in accelerating green hydrogen adoption globally, to make an impact in the pursuit of a net-zero future. In OECD, Southeast and East Asian economies, green ammonia will address the decarbonisation of industries such as power generation, through co-firing, as well as shipping.”
