 "Uniper germany")
Germany-based Uniper has signed an agreement with Greenko ZeroC to source green ammonia from the latter's Kakinada facility in Andhra Pradesh.
"Under the MoU, the two companies intend to negotiate pricing, supply and tenure structure for a supply and purchase agreement for 2,50,000 tonnes per annum of green ammonia (GASPA) based on the heads of terms," parent Greenko Group said in a statement.
Uniper and Greenko ZeroC signed the Memorandum of Understanding (MoU) and heads of terms during the ongoing India Energy Week in Bengaluru in presence of Petroleum Minister Hardeep Singh Puri, Greenko CEO Anil Chalmalasetty, Uniper CCO Niek den Hollander and other senior company officials, the statement said.
Greenko's Kakinada project is a multi-phase green ammonia production and export facility which is in the process of adding up to 1 MTPA of green ammonia production capacity by 2027.
At present, Kakinada unit produces green ammonia based on an electrolyser powered by round-the-clock electricity produced by 2.5 GW of renewable assets.
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CCO of Uniper Niek den Hollander said decarbonisation is one of the major challenges of our time and needs quick action. The Greenko Kakinada project is a very promising opportunity to source green ammonia and secure the supply of low carbon hydrogen products for Germany.
Besides green ammonia, Uniper and Greenko also intend to collaborate on the deployment of similar flexible renewable electricity to other hydrogen products such as e-methanol and sustainable aviation fuels.
Greenko CEO and MD Anil Chalmalasetty said: "We are working towards decarbonisation solutions for a low-carbon economy. We in partnership develop large-scale green molecule projects in India. Uniper through this offtake agreement for our project will eventually displace LNG imports and strengthen India's green molecule ambitions as part of a wider renewable energy programme that will see India run the world's largest energy transition programme.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
