BASF and AM Green Collaborate on Low-Carbon Chemical Production in India
BASF SE and AM Green recently entered into a Memorandum of Understanding (MoU) to jointly assess and develop opportunities in low-carbon chemical production powered exclusively by renewable energy in India. The MoU was signed by Dr Markus Kamieth, Chairman of the Board of Executive Directors, BASF SE, and Mahesh Kolli, Group President, AM Green, at Asia-Pacific Conference of German Business 2024 held in New Delhi.
The partnership outlines a plan for feasibility studies on low-carbon chemical production, focusing on evaluating the technologies required to achieve sustainable production goals. The companies have included a non-binding letter of intent in the MoU, which sets a preliminary agreement for BASF SE to secure an annual supply of 100,000 tons of ammonia produced entirely from renewable energy sources, including pumped storage projects across AM Green’s facilities.
The renewable ammonia is expected to comply with the European Union’s Renewable Energy Directive (RED III) standards, which define renewable fuels of non-biological origin (RNBO). AM Green’s existing plants have received pre-certification under the CertifHy EU RFNBO Scheme, a European Voluntary Scheme, and efforts are ongoing to extend this certification to other facilities.
Dr Kamieth expressed confidence that India provides the right setting for low-carbon chemical production in partnership with AM Green. Kolli noted that the collaboration aligns with AM Green’s focus on expanding green molecule production, which would support BASF SE’s efforts to supply important green materials for various chemical and consumer markets.
Image Source: BASF
L-R: Gautam Reddy K, CEO, AM Green Ammonia; Mahesh Kolli, Group President, AM Green; Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE and Alexander Gerding, Managing Director, BASF India and Head, BASF Group Companies India.