Energy Transition, Natural Gas, Renewables, Hydrogen, Emissions
October 15, 2026
ADB, Japan back AM Green's renewable ammonia plant in India
Editor:
HIGHLIGHTS
ADB, JICA provide $100M loan for India project
Unit to produce 1.1 mil mt/y renewable ammonia
AM Green secured €585M German supply contract
The Asian Development Bank and Japan's government have signed financing agreements with AM Green Ammonia (India) Pvt. Ltd. to help build one of the world's largest plants to make ammonia using renewable energy in India, ADB said Oct. 15.
The project converts a former ammonia and urea plant from natural gas-fueled production to renewable-powered renewable ammonia, with a capacity of about 1.1 million metric tons/year in Kakinada in Andhra Pradesh, it said.
"By using renewable energy instead of fossil fuels, India can produce it with far lower emissions and at a scale that can help reshape this industry, ADB President Masato Kanda said.
The investment includes a $100 million loan from the Leading Asia's Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency and administered by ADB, ADB said.
The funding also marks ADB's first investment under the Action for Creating Energy Security for Long-term Resilience (ACCEL), the development bank said.
ACCEL was launched in May 2026 by ADB and Japan to help countries and businesses in Asia and the Pacific manage rising energy prices and build stronger energy systems for the future, it said.
AM Green won the Asian lot of Germany's H2Global renewable ammonia tender, securing a 10-year supply contract worth at least €585 million ($664 million) with supply starting in 2029, H2Global's trading subsidiary Hintco and AM Green said in September.
