India’s Greenko to negotiate green ammonia offtake with Germany’s Uniper

Germany-based energy firm Uniper Uniper and Greenko ZeroC, the green molecule production arm of India’s Greenko Group, on Tuesday, signed a memorandum of understanding (MoU) and heads of terms for Uniper to enter into exclusive negotiations for the offtake of green ammonia from Phase 1 of Greenko ZeroC’s ammonia production facility in Kakinada. Under the MoU, Greenko and Uniper plan to negotiate a first-of-its-kind innovative pricing, supply and tenure structure for a supply and purchase agreement for 250,000 tonnes per annum of green ammonia based on the heads of terms, the companies said in a joint statement. Greenko’s Kakinada project in the Indian state of Andhra Pradesh is a multi-phase green ammonia production and export facility adding up to 1 MTPA of green ammonia production capacity by 2027. The first phase of Greenko’s facility in Kakinada produces green ammonia based on an electrolyser powered by round-the-clock renewable electricity produced by 2.5 gigawatts of renewable assets and reinforced by Greenko’s Pinnapuram Integrated Renewable Energy Storage Plant. In addition, Uniper and Greenko intend to collaborate on the deployment of similar flexible renewable electricity to other hydrogen products such as e-methanol and sustainable aviation fuels, the statement added. Anil Chalmalasetty, Chief Executive Officer, Founder and Managing Director of Greenko, said that the company is working towards decarbonisation solutions for a low-carbon economy. “We are partnering with a world-class technology partner in John Cockerill and will jointly develop large-scale green molecule projects in India,” he stated. John Roper, CEO, Middle East at Uniper: “With Uniper as the offtake partner for green ammonia, the partnership will benefit from the additional value added through Uniper’s global commodity trading and logistics network.” (Writing by P Deol; Editing by Anoop Menon) (anoop.menon@lseg.com)

India’s Greenko to negotiate green ammonia offtake with Germany’s Uniper

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