Malaysia’s Gentari and Singapore’s GIC Partner Greenko For Ambitious Green Ammonia Platform

Gentari, the clean energy division of Malaysia’s Petronas and AM Green, set up by the founders of Greenko, signed definitive agreements with an affiliate of Singapore wealth fund GIC to produce 5 million tons per annum (MTPA) of green ammonia by 2030.

The new partnership will focus on the production of green ammonia across multiple locations in India, which is expected to accelerate efforts to achieve net zero targets in India as well as in OECD markets.

Exports of green ammonia to key OECD markets, such as Germany, Japan, South Korea, as well as Singapore from this platform are expected to begin in late 2025.

The green ammonia will be produced by a unit of AM Green, known as AM Green Ammonia Holdings. Post-investment from Gentari, GIC, and AM Green, the unit will be a fully funded platform that will invest, in phases, in the Indian regions of Andhra Pradesh, Tamil Nadu, Gujarat, Karnataka, and Himachal Pradesh.

The 5 MTPA of green ammonia will be equivalent to about 1 MTPA of green hydrogen, representing a fifth of India’s target for green hydrogen production under the country’s National Green Hydrogen Mission and 10% of Europe’s target for green hydrogen imports by 2030.

Achieving this scale of production will place the new venture among the world’s pioneers in large-scale and cost-competitive green ammonia production.

Downstream High-Value Green Chemicals

The production of green ammonia by AM Green will be supported by the round-the-clock renewable energy supplied via offtake agreements with reputed counterparties and electrolysers manufactured by another unit of AM Green (AM Green Technology & Solutions).

With its presence across the value chain and with complementary growth engines in place, AM Green is well-positioned to claim and consolidate a position at the forefront of large-scale competitive solutions to decarbonize industries and economies across the world.

AM Green will also produce green molecules such as green methanol, green caustic soda, green chlorine, biofuels, and various downstream high-value green chemicals under its AM Green Molecules subsidiary. In addition, AM Green will also house a joint venture with John Cockerill of Belgium to manufacture electrolysers in its AM Green Technology & Solutions subsidiary; supplying about 6.5 GWs of electrolysers to AM Green Ammonia by 2030.

“The commitment from Gentari and GIC underpins Prime Minister Modi’s vision for India to become a leader in global energy transition. This strategic partnership will work to accelerate net zero targets of various industries and several OECD economies. Continuous focus on innovation combined with execution will ensure our venture, AM Green, remains ahead of others in becoming a global clean energy transition solutions platform,” said Anil Chalamalasetty Founder, Greenko Group & AM Green.