KP Group Partners with South Korean Firms for Green Ammonia Revolution in India
KP Group collaborates with South Korean partners AHES and GH2 Solar Ltd to establish a green ammonia facility in India with a capacity of 100,000 metric tons annually. This joint venture aims to position KP Group as a leader in clean energy with strategic international collaboration.
- Country:
- India
In a strategic move, the KP Group has forged a partnership with South Korea's AHES and GH2 Solar Ltd to launch a green ammonia production facility in India, boasting an annual capacity of 100,000 metric tons.
The agreement, formalized through a Memorandum of Understanding (MoU), outlines production scales and offtake arrangements, with AHES as a direct purchaser. Pricing will align with international ammonia benchmarks to remain competitive.
This 15-year collaboration underscores KP Group's dedication to sustainable energy solutions, highlighting India as a hub for renewable innovation. The facility, managed by KPI GH, will utilize expertise from KP Group's renewable energy infrastructure, targeting international markets.
(With inputs from agencies.)
ALSO READ
ACME and CESC Secure Milestone Renewable Energy Contracts
A.P. Moller Capital's Landmark Investment in India's Renewable Energy
IFC Signs €100m Sustainability-Linked Loan with Beko to Boost Green Growth
Brookfield India REIT Raises Rs 2,000 Crore Through Sustainability Bonds
RSB Group Unveils First Sustainability Report, Marks 50 Years of Engineering Excellence

