India-based integrated power utility Torrent Power Limited will invest over $7.6 billion in renewable energy generation and ammonia production in Gujarat. Momentum for renewable ammonia continues to build in India, with related news on certification and electrolyser manufacturing subsidies.
AM Green Ammonia, a Greenko spinout entity focused on the production of renewable ammonia in India, announced that it has reached FID on the first phase of a multi-million ton per year plant.
An NYK-led consortium has been granted engine room safety accreditation by ClassNK for its ammonia-fueled, medium gas carrier design. The vessel is due to hit the water in 2026. Starting later this decade, NYK has also committed to transport renewable ammonia from Sembcorp’s under-development production project in India to Kyushu, Japan.
The new loan from the World Bank will go towards programs that support the production of hydrogen via electrolysis, as well as the manufacture of electrolyser units themselves. In June 2023, an initial $1.5 billion was provided from the World Bank to assist implementation of key hydrogen policy measures in India.
The pair have signed a supply agreement from Hygenco’s under-development, $2.5 billion renewable ammonia project in Gopalpur Port, Odisha. By establishing supply chains from India to Europe and Asia, the pair aim to capture a significant share of the developing global market for low-carbon ammonia.
CertifHy has awarded RFNBO pre-certification to Greenko subsidiary AM Green for its under-development hydrogen and ammonia production facility in southern India. By 2030, Greenko aims for a capacity of one million tons per year of electrolytic hydrogen, feeding the production of 5 million tons per year of ammonia.
The Solar Energy Corporation of India has released final details for the subsidy scheme, which will assist the decarbonisation of fertiliser production in India. Eleven renewable ammonia production projects will be matched to eleven fertiliser manufacturers in a reverse auction process, with annual tonnages and delivery schedules for ammonia already set.
Sojitz and Kyushu Electric will offtake the full volume of ammonia production from the first phase of Sembcorp’s under-development production project in India, with the intention to supply various industrial customers in the Kyushu region of Japan. In more term sheet news, Avaada will supply renewable ammonia to Mysore, a distributor of ammonia to Indian customers.