Uniper inks massive green ammonia deal with India's AM Green
Overview
German utility Uniper signed a long-term agreement to buy up to 500,000 tons of green ammonia annually from India's AM Green. The deal, signed during a German Chancellor visit, positions India as a key exporter of green fuels amid global geopolitical shifts and supports Uniper's renewable molecule strategy.
Uniper Seals Landmark Green Ammonia Deal with AM Green
German energy firm Uniper announced Monday it has secured a significant long-term agreement to purchase up to 500,000 tons of green ammonia annually from India's AM Green. This crucial offtake deal marks a major step in Uniper's strategy to supply customers with renewable and low-carbon molecules at scale.
Strategic Partnership Amidst Global Tensions
The agreement was finalized during German Chancellor Friedrich Merz's visit to India, highlighting strengthened economic ties between the two nations. The collaboration underscores a growing global effort to foster energy security and transition towards sustainable fuel sources, particularly as geopolitical tensions rise worldwide.
India's Green Export Ambitions
Set to commence as early as 2028, the first shipments under this contract are anticipated to bolster India's ambition to become a leading global exporter of green hydrogen and green ammonia. Uniper CEO Michael Lewis stated the deal is a key building block for their customer-focused renewable energy strategy.
