BASF and AM Green have signed a Memorandum of Understanding (MOU) to explore low-carbon chemicals production in India using renewable energy.
The co-operation includes a non-binding Letter of Intent for the offtake of 100,000 tonnes of green ammonia annually, produced from pump storage projects at AM Green’s plants.
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.
Dr. Markus Karnieth, Chairman of the Board of Executive Directors of BASF, said it was committed to the sustainable transformation of the industries it serves and convinced India is the right place to explore low-carbon chemical production.
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