Malaysian clean energy firm Gentari Sdn Bhd (Gentari) has partnered AM Green BV (AM Green) to jointly invest, in phases, into a green ammonia platform, AM Green Ammonia Holdings BV (AMG Ammonia).
Gentari said in a statement on Monday that the firm via its wholly-owned subsidiary Gentari International Renewables Pte Ltd, has entered into an agreement with AM Green for the partnership.
According to the statement, AMG Ammonia is established by the founders of Greenko, one of India’s leading renewable energy companies.
An affiliate of Singapore investment entity, GIC, is also an investor in AMG Ammonia.
The platform aims to deliver green ammonia, as it is presently the most mature and stable form of transporting hydrogen.
It is noted that the 5 MTPA of green ammonia produced is equivalent to approximately 1 MTPA of green hydrogen, and would represent 20 percent of India’s target for green hydrogen production by 2030, or 10 percent 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 Organization for Economic Co-operation and Development (OECD) markets, such as Germany, Japan and South Korea, as well as Singapore.
According to the statement, Gentari and AM Green both bring complementary capabilities across the green hydrogen value chain, including renewable energy, electrolysers, and ammonia production and marketing capabilities.
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 competitive supply of hydrogen to the global market and will be key for manufacturing and exporting green hydrogen in the region.
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.
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 its parent firm Petronas and utility firm 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.
“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,” said Sushil Purohit, Chief Executive Officer of Gentari.
According to him, this partnership with AM Green and GIC is a testament to our commitment in accelerating green hydrogen adoption globally, to make an impact in the pursuit of a net zero future.
He noted that 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.
Meanwhile, Greenko Group and AM Green Founder Anil Chalamalasetty said that the commitment from Gentari and GIC underpins Indian Prime Minister Modi’s vision for India to become a leader in global energy transition.
“This strategic partnership will work to accelerate net zero targets of various industries and several OECD economies,
“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,” he said.