Gentari Sdn Bhd (Gentari), via its wholly-owned subsidiary Gentari International Renewables Pte Ltd, has agreed with AM Green BV (AM Green) to jointly invest, in phases, into a green ammonia platform, AM Green Ammonia Holdings BV (AMG Ammonia).
AMG Ammonia
AMG Ammonia is established by the founders of Greenko, one of India’s major renewable energy companies. An affiliate of Singapore's investment entity, GIC, is also an investor in AMG Ammonia.
AMG Ammonia is projected to produce 5 million tonnes per annum (MTPA) of green ammonia using round-the-clock renewable energy by 2030. The platform aims to deliver green ammonia, as it is presently the most mature and stable form of transporting hydrogen.
green ammonia
The first export of green ammonia from this platform is targeted by late 2025 and aims to serve key OECD markets
The 5 MTPA of green ammonia produced is equivalent to approximately 1 MTPA of green hydrogen and would represent 20% of India’s target for green hydrogen production by 2030, or 10% of Europe’s target for imported renewable hydrogen.
This size and capacity will place AMG Ammonia among the world’s pioneers in large-scale and cost-competitive green ammonia production.
The first export of green ammonia from this platform is targeted by late 2025 and aims to serve key OECD markets, such as Germany, Japan, and South Korea, as well as Singapore.
green hydrogen value chain
Gentari and AM Green both bring complementary capabilities across the green hydrogen value chain, including renewable energy, electrolyzers, and ammonia production and marketing capabilities.
The parties will mutually invest in AMG Ammonia, demonstrating full commitment to realize the platform’s potential and expand its presence in Asia Pacific and Europe.
ammonia production plan
Post-investment from Gentari, AM Green, and GIC, AMG Ammonia will be a fully funded platform
Post-investment from Gentari, AM Green, and GIC, AMG Ammonia will be a fully funded platform for the targeted ammonia production plan. The platform is expected to invest, in phases, into projects across different locations in India.
This will ensure a competitive supply of hydrogen to the global market and will be key for manufacturing and exporting green hydrogen in the region.
clean hydrogen by 2030
For Gentari, strong collaborations in its focus market of Malaysia and the broader Asia Pacific will be vital to delivering its global ambition of up to 1.2 MTPA in clean hydrogen by 2030.
In Malaysia, the company sees strong potential for developing a local hydrogen economy. To this end, Gentari has undertaken efforts to position Malaysia as a hydrogen export hub whereby its hydrogen ventures will support a comprehensive national roadmap that includes hydrogen as an energy transition lever for Malaysia.
green hydrogen production hub
Gentari is collaborating with PETRONAS and Tenaga Nasional Berhad to advance studies
These efforts include working with Sarawak’s SEDC Energy Sdn Bhd to jointly explore the state’s potential as a green hydrogen production hub.
At the same time, Gentari is also collaborating with PETRONAS and Tenaga Nasional Berhad to advance studies on green hydrogen development in Kerteh, Terengganu, and Pengerang, Johor towards the creation of a hydrogen economy in Malaysia.
clean energy solutions
Sushil Purohit, Chief Executive Officer of Gentari, said, "As Gentari expands our portfolio of clean energy solutions in Malaysia, Asia Pacific, and beyond, we believe in the critical importance of industry-level collaborations that combine complementary strengths and unlock synergies."
He adds, "This partnership with AM Green and GIC is a testament to our commitment to accelerating green hydrogen adoption globally, to make an impact in the pursuit of a net zero future. In OECD, Southeast, and East Asian economies, green ammonia will address the decarbonization of industries, such as power generation, through co-firing, as well as shipping."
low-carbon green economy
Anil Chalamalasetty, Founder, of Greenko Group and AM Green said, "We are delighted to partner with Gentari and GIC, to venture into the global low-carbon green economy."
He adds, "The commitment from Gentari and GIC underpins Prime Minister Modi’s vision for India to become a pioneer in the global energy transition. This strategic partnership will work to accelerate net zero targets of various industries and several OECD economies."
energy transition
Anil Chalamalasetty continues, "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."
Gentari was advised by BofA Securities and Shardul Amarchand Mangaldas & Co. Completion of the transaction is subject to the fulfillment of customary condition precedents.
