#ammonia

ADB and Japan finance AM Green's Kakinada green ammonia plant

The Asian Development Bank and Japan signed financing for AM Green's conversion of a gas-fed ammonia and urea plant in Kakinada, India, which ADB says will make about 1.1 million tons a year of renewable ammonia; the package, the first under ACCEL, includes a $100 million LEAP 2 loan. Uniper expects a first shipment as early as 2028, and first deliveries to Germany under H2Global are expected in 2029.