AM Green, Rotterdam Team Up for $1 Bn India-Europe Green Energy Trade

AM Green, Rotterdam Port to Build $1 Bn India-Europe Energy Link

AM Green and the Port of Rotterdam Authority have signed a Memorandum of Understanding (MoU) to build a green energy supply chain between India and Northwestern Europe via Rotterdam, one of the first energy ports in Europe and a key entry point for hydrogen carriers. The project includes the supply of bunkering fuels and Sustainable Aviation Fuels (SAFs) and analyzing requirements for the development of terminal infrastructure in Rotterdam and along the supply chain to Northwestern Europe.

Furthermore, the partnership will jointly support the development of strategic port infrastructure for the safe distribution of hydrogen-based fuels and products and link India’s Net Zero Industrial Clusters to Europe, enabling exports of up to 1,000,000 tons annually. The envisaged supply chain can enable the trade of green fuels up to USD 1 billion between the two economies.

AM Green is pushing its goal to develop 5,000,000 tons of Green Ammonia production capacity by 2030, equivalent to about 1,000,000 of Green Hydrogen to meet the rising global demand for green fuels, with initial production starting in Kakinada. On the other hand, the Port of Rotterdam plays a key role as a critical logistics and hydrogen hub for the European continent with some 13% of the total energy demand in Europe entering via Rotterdam. 

Leadership Views

Boudewijn Siemons, CEO of the Port of Rotterdam Authority, stated, “This agreement marks an important step towards establishing a robust supply chain for low-carbon fuels and chemicals. With India’s vast potential for green hydrogen production, combined with Rotterdam’s strategic location and advanced infrastructure, the collaboration will lead to a robust and sustainable green energy supply chain between the two regions”

Anil Chalamalasetty, Founder of AM Green and Greenko Group said, “This partnership is part of our ambitious global growth strategy in green fuels including 5 MTPA of green ammonia and 1 MTPA of SAF. This collaboration marks a significant milestone in establishing a global carbon-free energy ecosystem. It will enable the seamless movement of green molecules and fuels from India to Europe, reinforcing AM Green’s position as a global clean energy transition platform and accelerating industrial decarbonization globally.”

CATL Lists On Hong Kong Stock Exchange, Raises HKD 35.5 Bn

Also Read

May 22- Results, Prospects Support Green Stocks On A Down Day

Also Read