Gentari, GIC, Greenko to develop multi-million tonne production capacity in India
By on November 07, 2023
5 million tonnes per year by 2030
A new partnership between Greenko (via its new subsidiary AM Green), GIC (Singapore’s sovereign wealth fund) and Gentari (the clean energy arm of Petronas) aims to produce 5 million tonnes of renewable ammonia per year at multiple locations across India, including Andhra Pradesh, Tamil Nadu, Gujarat, Karnataka, and Himachal Pradesh.
Round-the-clock renewable energy from the Indian grid will be utilised, as well as electrolysers manufactured via a separate tie-up between Greenko and John Cockerill. The ammonia produced will be equivalent to about 1 million tonnes of renewable hydrogen, representing a fifth of India’s target for hydrogen production under the country’s National Green Hydrogen Mission and 10% of the EU’s import target for 2030.
The commitment from Gentari and GIC underpins Prime Minister Modi’s vision for India to become a leader in 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.
Anil Chalamalasetty, Founder, Greenko Group in his organisation’s official press release, 29 Oct 2023
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.
Sushil Purohit, Chief Executive Officer of Gentari in his organisation’s official press release, 29 Oct 2023
Greenko has already announced a potential production project with Keppel Infrastructure, two projects of its own in Himachal Pradesh & Kakinada, a mega-project with India’s Oil & Natural Gas Corporation in Rajasthan and an exploratory partnership with POSCO to establish production projects in India.