BASF, a global chemical leader, has partnered with AM Green B.V. to explore the development of low-carbon chemicals using renewable energy sources. The two companies recently signed a memorandum of understanding (MoU) at the Asia-Pacific Conference of German Business 2024 in New Delhi, aiming to expand green initiatives and build a sustainable value chain for chemicals in India.
The agreement was formalized by Dr. Markus Kamieth, Chairman of the Board of Executive Directors at BASF SE, and Mahesh Kolli, Group President of AM Green. As part of this collaboration, both companies plan to conduct feasibility studies to assess innovative technologies that could support low-carbon chemical production in India.
A key aspect of the partnership involves BASF's non-binding commitment to source 100,000 tons annually of green ammonia, which AM Green will produce entirely with renewable energy, including energy from pumped storage projects across its facilities in India. This ammonia will comply with the European Union's Renewable Fuels of Non-Biological Origin (RFNBO) standards, a benchmark under the Renewable Energy Directive (RED III). Several of AM Green's facilities have already obtained pre-certification for RFNBO compliance, with certification efforts ongoing for other plants.
Dr. Kamieth highlighted BASF’s commitment to advancing sustainable practices, stating, “We believe India provides an ideal setting for the exploration of low-carbon chemical production with AM Green as a partner.”
Echoing this sentiment, Mahesh Kolli noted, “This partnership with BASF is pivotal in our mission to advance the green transformation in the chemical industry. AM Green aims to strengthen downstream value chains of green molecules, enabling the supply of critical feedstocks for the production of sustainable chemicals, materials, and products.”
Through this collaboration, BASF and AM Green plan to serve multiple downstream sectors, providing green chemical solutions that align with global sustainability goals.
