Mysore Ammonia has signed a distribution offtake deal with Avaada for the supply of around 100,000 metric tonnes of green ammonia per annum.
A signed Memorandum of Understanding (MoU) between the two Indian companies solidifies the supply plans, which are set to begin from 2027.
It is thought that Mysore Ammonia will supply Avaada from its network of nine ammonia plants in India.
Vineet Mittal, Chairman of Avaada Group, described the MoU as a significant milestone in the company’s commitment to sustainable energy solutions.
“This MoU underscores our dedication to advancing green fuels such as green ammonia production in India and driving the transition towards a low-carbon economy.”
The MoU was formally signed between Avaada Green Fuels Private Limited, an arm of Avaada Group, and Mysore Ammonia and Chemicals Limited.
Green ammonia is gaining attention as a versatile e-fuel, capable of being transported using existing infrastructure and playing a crucial role in decarbonising various industries, including steel and cement production.
As a hydrogen carrier and a potential fuel, green ammonia offers multiple applications in the global pursuit of Net Zero emissions.
The global market
According to a report by Market Research Future, the green ammonia market is expected to reach $5.4bn by 2030, growing at a compound annual growth rate (CAGR) of over 54% from 2022 to 2030.
Europe currently dominates the market due to investments in renewable energy infrastructure, while Asia-Pacific is rapidly expanding, with countries like Japan and Australia planning to use green ammonia for hydrogen storage and export.
North American companies, such as CF Industries, are also investing heavily in green ammonia production to meet rising global demand for low-carbon alternatives.
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