Indian energy producer AM Green pursues $ 1 billion funding
POWER & RENEWABLE ENERGY

Indian energy producer AM Green pursues $ 1 billion funding

AM Green, a company specialising in hydrogen and ammonia production and owned by the founders of Indian renewable company Greenko Energy Holdings, is reportedly planning to secure approximately $ 1 billion in funding to support its expanding operations. People familiar with the situation disclosed that the firm is collaborating with an advisor to facilitate the fundraising effort, aimed at enhancing its capacity to produce green hydrogen and various chemical compounds. AM Green's objective is to establish a production capacity of one million tonnes per year for green methanol.

In a statement released, Singapore sovereign wealth fund GIC Pte and the renewable energy division of Malaysian state oil giant Petronas Nasional Bhd. confirmed their investment in AM Green Ammonia Holdings. According to the statement, the project is slated to generate five million tonne of green ammonia annually.

It is worth noting that discussions regarding the fundraising initiative are still ongoing, and specific details may undergo changes, as per the insiders.

The broader context indicates that green ammonia and hydrogen are anticipated to assume a significant role in various sectors such as electricity generation, shipping, and challenging-to-decarbonise industries including oil refining, chemicals, fertiliser, and steel in the years ahead. In alignment with India's goal of achieving net zero emissions by 2070, AM Green is aligning itself with industry giants like Adani Group and Reliance Industries, all of whom are making substantial investments in these advanced technologies.

AM Green, a company specialising in hydrogen and ammonia production and owned by the founders of Indian renewable company Greenko Energy Holdings, is reportedly planning to secure approximately $ 1 billion in funding to support its expanding operations. People familiar with the situation disclosed that the firm is collaborating with an advisor to facilitate the fundraising effort, aimed at enhancing its capacity to produce green hydrogen and various chemical compounds. AM Green's objective is to establish a production capacity of one million tonnes per year for green methanol. In a statement released, Singapore sovereign wealth fund GIC Pte and the renewable energy division of Malaysian state oil giant Petronas Nasional Bhd. confirmed their investment in AM Green Ammonia Holdings. According to the statement, the project is slated to generate five million tonne of green ammonia annually. It is worth noting that discussions regarding the fundraising initiative are still ongoing, and specific details may undergo changes, as per the insiders. The broader context indicates that green ammonia and hydrogen are anticipated to assume a significant role in various sectors such as electricity generation, shipping, and challenging-to-decarbonise industries including oil refining, chemicals, fertiliser, and steel in the years ahead. In alignment with India's goal of achieving net zero emissions by 2070, AM Green is aligning itself with industry giants like Adani Group and Reliance Industries, all of whom are making substantial investments in these advanced technologies.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?