The company highlighted that this term sheet and the subsequent offtake agreement cover the long-term supply of up to 50% renewable ammonia from Phase 1 of AM Green's ammonia production facility in Kakinada will generate and export renewable ammonia using carbon-free energy that runs continuously.

Mahesh Kolli, President of AM Green, stated that the continuous focus on innovation, coupled with effective execution, strengthens AM Green's position as a leading global platform for clean energy transition solutions. He emphasised the company's expertise in producing low-cost green molecules such as hydrogen, ammonia, fuels, and other chemicals.

Hans Olav Raen, CEO of Yara Clean Ammonia, commented on the AM Green Kakinada project, stating that it expands their portfolio of ammonia produced with renewable energy. He further mentioned that the project solidifies Yara Clean Ammonia's role as a dependable supplier of low-emission ammonia to established and emerging markets. These markets include fertiliser production, clean ammonia cracking to produce hydrogen, shipping fuel, power generation, and various industrial applications.

In order to provide low-emission fertiliser and to decarbonise other businesses, including shipping, power, and other industries, Yara Clean Ammonia will make use of the renewable ammonia supply.