BASF and AM Green sign MoU for low-carbon chemical production in India
ECONOMY & POLICY

BASF and AM Green sign MoU for low-carbon chemical production in India

BASF and AM Green BV recently entered into a memorandum of understanding (MoU) to jointly explore and develop low-carbon chemical production projects in India, leveraging renewable energy sources. The agreement, signed by Dr Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, and Mahesh Kolli, Group President of AM Green, was formalised during the Asia-Pacific Conference of German Business 2024 in New Delhi.

As part of the MoU, the two companies will conduct feasibility studies on technologies to produce low-carbon chemicals within India. Additionally, the agreement includes a non-binding letter of intent through which BASF would purchase 100,000 tons of green ammonia annually from AM Green’s facilities across India. The ammonia will be produced using renewable energy sources, including pumped storage projects.

The ammonia produced will comply with EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) under the Renewable Energy Directive (RED III). Several of AM Green’s facilities are already pre-certified for RFNBO compliance through the CertifHy scheme, with certification underway for the remaining facilities.

Dr Markus Kamieth expressed BASF's commitment to transforming industries sustainably and emphasised that India provides an ideal setting for exploring low-carbon chemical production in partnership with AM Green. Mahesh Kolli highlighted the significance of working with BASF, a global leader in chemicals, to drive the green transition in the industry. He noted that AM Green’s goal of expanding green molecule capabilities aligns with BASF's vision, aiming to supply sustainable feedstocks for various chemical and consumer industries.

BASF and AM Green BV recently entered into a memorandum of understanding (MoU) to jointly explore and develop low-carbon chemical production projects in India, leveraging renewable energy sources. The agreement, signed by Dr Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, and Mahesh Kolli, Group President of AM Green, was formalised during the Asia-Pacific Conference of German Business 2024 in New Delhi. As part of the MoU, the two companies will conduct feasibility studies on technologies to produce low-carbon chemicals within India. Additionally, the agreement includes a non-binding letter of intent through which BASF would purchase 100,000 tons of green ammonia annually from AM Green’s facilities across India. The ammonia will be produced using renewable energy sources, including pumped storage projects. The ammonia produced will comply with EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) under the Renewable Energy Directive (RED III). Several of AM Green’s facilities are already pre-certified for RFNBO compliance through the CertifHy scheme, with certification underway for the remaining facilities. Dr Markus Kamieth expressed BASF's commitment to transforming industries sustainably and emphasised that India provides an ideal setting for exploring low-carbon chemical production in partnership with AM Green. Mahesh Kolli highlighted the significance of working with BASF, a global leader in chemicals, to drive the green transition in the industry. He noted that AM Green’s goal of expanding green molecule capabilities aligns with BASF's vision, aiming to supply sustainable feedstocks for various chemical and consumer industries.

Next Story
Equipment

Godrej Material Handling Leads East India with 21% Market Share

The Material Handling business of Godrej & Boyce, a part of Godrej Enterprises Group, is powering industrial growth in Eastern India marking over 60 per cent Y-o-Y growth in the Jamshedpur region for FY25. Solidifying its market leadership, the business commands a dominant 21 per cent market share in the Eastern region, serving as a crucial enabler for the region’s manufacturing sector. At the Indomach Expo in Jamshedpur, the business is showcasing its next-generation forklift to meet evolving needs of Eastern India’s industrial corridor. Jamshedpur, Eastern India’s industrial po..

Next Story
Equipment

Mecbo America Launches Scorpion Concrete Crawler Boom

Mecbo America, a division of Blastcrete Equipment LLC, brings a new product to its lineup: the Scorpion Concrete Crawler Boom. The Scorpion provides contractors working in piling, drilling, tunnelling or commercial construction with a flexible arm for placing concrete where needed without disrupting the jobsite. It is an economical enhancement for contractors who have a concrete pump but need an effective way to deftly move material to spots that are difficult or unsafe to reach using other methods.“As concrete contractors grow and the scope of their work changes, many recognize the need for..

Next Story
Infrastructure Urban

REC Flags off Mobile Medical Units Funded in Punjab

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, under its flagship CSR initiative Mobile Medical Units has committed Rs 42.9 million for the procurement and deployment of four Mobile Medical Units (MMUs) in 4 districts of Punjab. These units, handed over to the Indian Red Cross Society, Punjab, were flagged off by Hon’ble Governor Shri Gulab Chand Kataria Ji at Punjab Raj Bhawan.Serving as a lifeline for deprived communities, the MMUs will provide essential healthcare across four districts. REC Foundation continues to expand its CSR footprint, with various Mobil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?