thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » BASF, AM Green Strike Deal for 100,000 Tons of Green Ammonia and Sustainable Chemicals

Business

BASF, AM Green Strike Deal for 100,000 Tons of Green Ammonia and Sustainable Chemicals

TheNewsFacts
Last updated: October 28, 2024 5:06 pm
TheNewsFacts
Share
BASF AM Green
BASF, AM Green Strike Deal for 100,000 Tons of Green Ammonia and Sustainable Chemicals
SHARE

Hyderabad, India, 28th October 2024: BASF and AM Green B.V. have entered a memorandum of understanding (MoU) to jointly evaluate and develop business opportunities for low-carbon chemicals produced exclusively with renewable energy, and the corresponding value chains in India.

Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, and Mahesh Kolli, Group President of AM Green, signed the agreement in the context of the Asia-Pacific Conference of German Business 2024 hosted in New Delhi, India.

BASF and AM Green intend to conduct feasibility studies on low-carbon chemicals

Under the MoU, BASF and AM Green intend to conduct feasibility studies on low-carbon chemicals production in India including a joint evaluation of potential technologies. The cooperation also includes a non-binding letter of intent for the offtake of 100,000 tons annually of ammonia produced exclusively with renewable energy including energy from pumped storage projects from AM Green’s plants in different locations in India.

This ammonia will meet EU standards for renewable fuels of non-biological origin (RFNBO) as defined in the Renewable Energy Directive (RED III). Some of AM Green’s facilities have already been pre-certified for RFNBO compliance through the CertifHyTM voluntary certification scheme. Pre-certification for AM Green’s other facilities is currently underway.

“We are committed to the sustainable transformation of the industries we serve. We are convinced that India is the right place to explore low-carbon chemical production together with our partner AM Green,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE.

Mahesh Kolli, Group President of AM Green said, “We are delighted to partner with a global chemical leader like BASF to propel the green transformation in the industry. AM Green’s vision of deepening capabilities in downstream value chains of green molecules is core to this partnership with BASF. AM Green and BASF partnership envisages to cater to multiple chemical downstream and associated consumer industries by providing key green molecule feedstocks to produce chemicals, materials and products in the markets served by BASF.”

TAGGED: AM Green, AM Green Kakinada, Asia Pacific Conference German Business 2024, BASF, BASF SE, Green Ammonia, Green Molecules, Mahesh Kolli, Renewable Energy, Sustainable Chemicals
Share This Article
Twitter Email Copy Link Print
Previous Article Mirzapur: The Film Mirzapur: The Film – Web Series Sensation Makes Cinematic Debut in 2026
Next Article iMac Apple’s M4-Powered iMac: A Thriller for Creatives and Casual Users

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

India now has access to over 200 billion doses of Covid-19 Vaccine

The Indian Government is committed to quickening the process and broadening the reach of COVID-19 vaccine…

By TheNewsFacts

John Wick Chapter 4 Trailer Brings the best Keanu Reaves Action Ever

Keanu Reeves' John Wick: Chapter 4 stylish, action filled trailer is out now, the clip…

By TheNewsFacts

Bharat Biotech, BIOFABRI Ink Pact to Develop Promising TB Vaccine, MTBVAC

BHARAT BIOTECH and BIOFABRI announced today their partnership to develop, manufacture and distribute a novel…

By TheNewsFacts

You Might Also Like

AM Green
Business

AM Green, Port of Rotterdam To Enable 1 MTPA , $1B Trade for Green Fuels

By TheNewsFacts
AM Green
Latest News

AM Green-CIL Strike ₹25,000 Cr Mega Renewable Energy Deal

By NewsFacts Bureau
Greenko RE Project AP
Latest News

Greenko’s RE, A Leap Forward in Clean Energy: Minister Pralhad Joshi

By TheNewsFacts
Rio Tinto
Business

AMG, Rio Tinto Plan 500K TPA Green Aluminium in India

By TheNewsFacts
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?