BASF and AM Green sign MoU for low-carbon chemical production in India
ECONOMY & POLICY

BASF and AM Green sign MoU for low-carbon chemical production in India

BASF and AM Green BV recently entered into a memorandum of understanding (MoU) to jointly explore and develop low-carbon chemical production projects in India, leveraging renewable energy sources. The agreement, signed by Dr Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, and Mahesh Kolli, Group President of AM Green, was formalised during the Asia-Pacific Conference of German Business 2024 in New Delhi.

As part of the MoU, the two companies will conduct feasibility studies on technologies to produce low-carbon chemicals within India. Additionally, the agreement includes a non-binding letter of intent through which BASF would purchase 100,000 tons of green ammonia annually from AM Green’s facilities across India. The ammonia will be produced using renewable energy sources, including pumped storage projects.

The ammonia produced will comply with EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) under the Renewable Energy Directive (RED III). Several of AM Green’s facilities are already pre-certified for RFNBO compliance through the CertifHy scheme, with certification underway for the remaining facilities.

Dr Markus Kamieth expressed BASF's commitment to transforming industries sustainably and emphasised that India provides an ideal setting for exploring low-carbon chemical production in partnership with AM Green. Mahesh Kolli highlighted the significance of working with BASF, a global leader in chemicals, to drive the green transition in the industry. He noted that AM Green’s goal of expanding green molecule capabilities aligns with BASF's vision, aiming to supply sustainable feedstocks for various chemical and consumer industries.

BASF and AM Green BV recently entered into a memorandum of understanding (MoU) to jointly explore and develop low-carbon chemical production projects in India, leveraging renewable energy sources. The agreement, signed by Dr Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, and Mahesh Kolli, Group President of AM Green, was formalised during the Asia-Pacific Conference of German Business 2024 in New Delhi. As part of the MoU, the two companies will conduct feasibility studies on technologies to produce low-carbon chemicals within India. Additionally, the agreement includes a non-binding letter of intent through which BASF would purchase 100,000 tons of green ammonia annually from AM Green’s facilities across India. The ammonia will be produced using renewable energy sources, including pumped storage projects. The ammonia produced will comply with EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) under the Renewable Energy Directive (RED III). Several of AM Green’s facilities are already pre-certified for RFNBO compliance through the CertifHy scheme, with certification underway for the remaining facilities. Dr Markus Kamieth expressed BASF's commitment to transforming industries sustainably and emphasised that India provides an ideal setting for exploring low-carbon chemical production in partnership with AM Green. Mahesh Kolli highlighted the significance of working with BASF, a global leader in chemicals, to drive the green transition in the industry. He noted that AM Green’s goal of expanding green molecule capabilities aligns with BASF's vision, aiming to supply sustainable feedstocks for various chemical and consumer industries.

Next Story
Infrastructure Urban

Sambhajinagar to Make 980 Villages Tanker-Free

The district administration of Chhatrapati Sambhajinagar has unveiled a major initiative to make 968 villages and 12 wadis entirely tanker-free under the Jal Samruddha Gaon Abhiyan.The campaign seeks to establish long-term, sustainable solutions to the district’s worsening water crisis, currently being managed through 263 water tankers. The scarcity has been caused by poor monsoon rainfall and declining groundwater levels across the region.As part of the first phase, officials will conduct a detailed survey of the affected villages and examine over 191 wells to assess the potential for refil..

Next Story
Infrastructure Urban

Srinagar to Anchor Inland Waterways Push in J&K

Srinagar has emerged as the central hub for a major initiative aimed at developing inland water transport (IWT) infrastructure across Jammu and Kashmir.The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has inaugurated a regional office at Transport Bhawan in Srinagar. The office will act as the nodal centre for planning and executing IWT projects throughout the Union Territory.The establishment of this office reflects the Union Government’s growing commitment to utilising the region’s river systems for sustainable and low-emission transpor..

Next Story
Infrastructure Transport

Gurugram Metro Phase 1 Clears Land Hurdle

Gurugram’s urban transport network is set for a major overhaul as Gurugram Metro Rail Limited (GMRL) moves forward with Phase 1 of its metro expansion. The project, valued at Rs 12.86 billion, will include a 15.2-kilometre elevated corridor with 14 stations, connecting Millennium City Centre to Sector 9, with an additional spur to Sector 101 on the Dwarka Expressway.In a key development, GMRL has received approval from the Haryana Shehri Vikas Pradhikaran (HSVP) to utilise over 5,800 square metres of land for the construction of 10 stations. These land parcels will accommodate vital infrastr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?