AM Green wins €585m H2Global deal for renewable ammonia to Germany

AM Green Ammonia (India) has won the Asian lot in Germany-backed H2Global's latest auction, securing a 10-year offtake deal to supply renewable ammonia to Germany, the company and HINT.CO GmbH said on 30 September. Hintco, the trading arm of H2Global, will buy ammonia from AM Green for a minimum value of €585 million over the contract period and may purchase additional volumes from resales into the European market. The award followed a competitive bidding process in which AM Green's offer ranked first among submissions, Times of India, The Hindu and Rediff report.

The ammonia will be produced at AM Green's Kakinada Phase 2 project in Andhra Pradesh, where an existing natural gas-based ammonia and urea complex is being converted to run on alkaline electrolysis. Electricity will come from round-the-clock renewable power backed by pumped-hydro storage, designed to meet EU renewable fuel requirements. First shipments to Germany are expected in 2029 from Kakinada Seaports. Hintco said full auction results would be published before end-2026.

Update, 30 September 2026: Rediff now also reports the deal, adding that AM Green aims to develop 5 million tonnes per year of green-ammonia capacity across India and that the Kakinada facility alone targets 1 million tonnes per year. The outlet frames the award as a boost to India's green molecule export ambitions.