AM Green won an H2Global auction and secured a €585 million deal for green ammonia with Germany. The ammonia will be made at its Kakinada project, Phase 2, in Andhra Pradesh. The company is converting an old natural gas-based ammonia and urea complex into a production site.
This matters because it gives AM Green a large export order in green chemicals. The report does not say when supplies will begin or how much profit the deal may bring.
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Publisher's headline: “AM Green wins H2Global auction, secures €585 million German green ammonia deal”
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