Bengaluru, September 30, 2026: AM Green Ammonia (India) Private Limited (“AM Green”) has been selected as the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH (“Hintco”), securing a long-term purchase agreement for the supply of Renewable Fuels of Non-Biological Origin (RFNBO) ammonia to Germany.
Over 10 years, Hintco will purchase ammonia from AM Green for a minimum value of €585 million, with potential for additional volumes through resale proceeds in the European market.
Production & Delivery
- Ammonia will be produced at AM Green’s Kakinada Phase 2 project in Andhra Pradesh, India.
- Conversion of an existing natural gas-based ammonia and urea complex into a renewable ammonia facility using alkaline electrolysis technology.
- Electricity supplied via AM Green’s round-the-clock renewable power architecture backed by pumped-hydro storage, meeting EU requirements.
- First deliveries to Germany expected in 2029, shipped from Kakinada Seaports.
Strategic Impact
The agreement positions AM Green as a leading exporter of green molecules to Germany and Europe, while underlining H2Global’s role in de-risking early-mover projects through double-auction mechanisms.
Timo Bollerhey, CEO of Hintco & Co-Founder of H2Global, said: “Strong bids from serious developers show the growing maturity of renewable ammonia projects. A long-term contract gives producers like AM Green certainty to invest and secures reliable supply for European buyers.”
Markus Exenberger, Executive Director of H2Global Foundation, added: “Renewable ammonia carries clean power across oceans to industries that cannot be fully electrified. H2Global is building resilient global supply chains for clean energy and commodities.”
Mahesh Kolli, Group President & JMD, AM Green, said: “This achievement consolidates AM Green’s position as the supplier of choice for renewable ammonia to Germany and Europe. From Kakinada, we will deliver renewable ammonia to global customers, turning ambitious decarbonisation targets into real industrial emissions reductions.”
About Hintco
HINT.CO GmbH is the trading arm of H2Global, designing customised double-sided auctions to buy and sell clean hydrogen-based products. Funded by governments including Australia, Canada, Germany, and the Netherlands, Hintco acts as a neutral intermediary between producers and buyers.
About AM Green
Promoted by the founders of Greenko Group, AM Green is building globally differentiated platforms across molecules, materials, and AI technologies to enable industrial decarbonisation.
- Developing low-carbon ammonia projects across India, targeting 5 MTPA capacity.
- 1 MTPA green ammonia plant in Kakinada under construction, one of the world’s largest RFNBO-compliant facilities.
- Expanding into e-methanol, biofuels (including sustainable aviation fuel), and green aluminium (1 MTPA plant).
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