This collaboration will significantly enhance
global decarbonisation efforts by enabling seamless exports to key consumption
markets.
Under the Memorandum of Understanding (MOU), signed
in December, DP World and AM Green will jointly develop logistics and storage
infrastructure to facilitate the global export of 1 million tonnes per annum
(MTPA) of green ammonia and 1 MTPA of green methanol. This includes: Developing
port infrastructure across AM Green Net-Zero Industrial Clusters to
facilitate global exports, Developing bunkering infrastructure across
Dubai, India, and Southeast Asia for green ammonia and methanol supplied from
AM Green plants, and Establishing strategic terminal infrastructure across
the European Union, Far East, and UAE to provide the required zero carbon
supply chain to support their transition to a low carbon economy.
AM Green is developing multiple projects across India, using renewable
energy sources, including solar,
wind and hydroelectric power, to produce Sustainable Aviation Fuel (SAF), green
ammonia, green hydrogen, chemicals and biofuels. It has an ambitious target of
5 MTPA of production capacity by 2030, that will make a significant contribution
to India’s net-zero targets and global decarbonization goals. The company has
already taken a final investment decision for a 1 MTPA Green Ammonia plan in
Kakinada, Andhra Pradesh on India’s eastern coast.
Mahesh Kolli, Founder, Greenko Group & AM Green, stated:
“This strategic partnership will enable
us to efficiently export green Ammonia, green methanol, and other sustainable
fuels, enhancing the global green supply chain and supporting the global shift
to a low-carbon economy.”
Yuvraj Narayan, Group Deputy CEO and CFO, DP World
Group, said:. As part of our
commitment to driving sustainable supply chains, partnering with AM Green
allows us to harness our expertise in logistics and infrastructure to
facilitate the global distribution of clean fuels and chemical products.
Together, we aim to play a pivotal role in enabling a low-carbon economy and
advancing global sustainability goals.”