BASF, a chemicals company based in Ludwigshafen, Germany, has signed a memorandum of understanding with AM Green, an energy transition solutions provider headquartered in Madhapur, India.
BASF and AM Green partner on low-carbon chemicals
The partnership will focus on developing low-carbon chemical production opportunities, including a non-binding agreement for BASF to annually offtake 100,000 tonnes of ammonia produced with renewable energy from AM Green’s facilities in India. The companies will jointly conduct feasibility studies on low-carbon chemical production in India and assess potential technologies to support the initiative.
Kolli's comment
Mahesh Kolli, President of AM Green Group, commented, “This partnership with BASF aligns with AM Green’s commitment to advancing the green molecule value chain, catering to multiple industries with sustainable feedstocks essential for producing chemicals, materials, and products across BASF’s markets.”
