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AM Green plans to develop green molecules like green hydrogen, green ammonia, biofuels, green caustic soda, and e-methanol in India. In this regard, the company has signed a memorandum of understanding (MoU) with Envision Energy International.
The agreement was signed at the World Economic Forums Annual Summit in Davos, Switzerland and marks a strategic move to bolster clean energy projects in India, primarily the manufacturing of wind turbines specifically for AM Greens requirements, as well as a joint venture (JV) in green hydrogen initiatives.
The companys operations in India involves a commitment to procure a minimum of two GW of wind turbine capacity annually over the next three years. The collaboration also extends to the development of green hydrogen projects and the establishment of net zero industrial parks. AM Green and Envision will also work towards setting green hydrogen industrial standards, aimed at decarbonising industries to transition away from fossil fuels.
The venture includes an international renewables and storage business, and a JV with Belgiums John Cockerill for electrolyser production.
For AM Green which is part of the Greenko Group, the partnership will also provide solutions to positively impact India’s net zero and green energy goals. In December, the company signed an MoU with global asset manager and operator, Keppel Corp (Keppel) to jointly explore opportunities in the production of biogenic carbon-based sustainable fuels, such as bio and green methanol, second-generation (2G) ethanol and sustainable aviation fuel (SAF). |
