BASF and AM Green have entered a memorandum of understanding (MoU) to evaluate and develop business opportunities for low-carbon chemicals produced exclusively with renewable energy, and the corresponding value chains in India.
Under the MoU, BASF and AM Green intend to conduct studies on low-carbon chemical production in India, including an evaluation of potential technologies. The cooperation also includes a non-binding letter of intent for the offtake of 100,000 tonnes annually of ammonia, produced exclusively with renewable energy including energy from pumped storage projects from AM Green’s plants in different locations in India.
Mahesh Kolli, group president of AM Green says: ‘AM Green and BASF partnership envisages to cater to multiple chemical downstream and associated consumer industries by providing key green molecule feedstocks to produce chemicals, materials and products in the markets served by BASF.’
