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Time of India
24-05-2025
- Business
- Time of India
Rs 10k crore green hydrogen and ammonia facility to come up near Mulapeta in AP
Vijayawada-based renewable energy player Juno Joule Green Energy Pvt Ltd has inked a memorandum of understanding with German clean energy company Select Energy GmbH to co-develop an export-oriented green hydrogen and ammonia facility in Andhra Pradesh at an investment of US$1.3 billion (approx Rs 10,000 crore). The project, which will come up near Mulapeta port along the country's east coast, will be developed in three phases and aims to produce around 180 KTPA (kilo tonnes per annum) of green hydrogen by 2029, which will be converted into up to one million tons of green ammonia annually for export. Construction on the project, which will be built to meet stringent EU RFNBO (EU Renewable Fuels of Non-Biological Origin) norms, is expected to commence in 2026. The project is expected to generate around 5,000 to 6,000 direct and indirect jobs across operations, construction, logistics, and support sectors. It will also lead to technology transfer, upskilling of local talent, and the emergence of AP and Telangana region as a clean energy hub on the global map, the company said. The facility will include an advanced desalination plant to sustainably source high-purity water from seawater, electrolysers powered by a diversified mix of solar, wind, and hydropower, and port-connected pipeline infrastructure for efficient large-scale exports. The MoU was signed by Juno Joule Green Energy CEO Nagasharath Rayapati and Select New Energies GmbH managing director Felix Danger at the World Hydrogen Summit 2025 in Rotterdam, Netherlands. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
Time of India
22-05-2025
- Business
- Time of India
Juno Joule Green Energy, Germany's Select Energy to invest Rs 10,000 crore in green hydrogen, ammonia facility in AP
Juno Joule Green Energy, Germany's Select Energy to invest Rs 10,000 crore in green hydrogen, ammonia facility in AP HYDERABAD: Vijayawada-based renewable energy player Juno Joule Green Energy Pvt Ltd has inked a memorandum of understanding (MoU) with German clean energy company Select Energy GmbH to co-develop an export-oriented green hydrogen and ammonia facility in Andhra Pradesh at an investment of US$1.3 billion (approx. Rs 10,000 crore). The project, which will come up near Mulapeta port along the country's east coast, will be developed in three phases and aims to produce around 180 KTPA (kilo tonnes per annum) of green hydrogen by 2029, which will be converted into up to one million tons of green ammonia annually for export. Construction on the project, which will be built to meet stringent EU RFNBO (EU Renewable Fuels of Non-Biological Origin) norms, is expected to commence in 2026. The project is expected to generate around 5000 to 6,000 direct and indirect jobs across operations, construction, logistics, and support sectors. It will also lead to technology transfer, upskilling of local talent, and the emergence of AP and Telangana region as a clean energy hub on the global map, the company said. The facility will include an advanced desalination plant to sustainably source high-purity water from seawater, electrolysers powered by a diversified mix of solar, wind, and hydropower, and port-connected pipeline infrastructure for efficient large-scale exports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like local network access control Esseps Learn More Undo The project will also integrate cutting-edge technologies from global leaders such as Thyssenkrupp Nucera and KBR Inc and will be supported by international logistics collaborations with partners in Germany and the Netherlands. This strategic move is set to unlock substantial industrial and economic opportunities for both Andhra Pradesh and Telangana, reinforcing the region's emergence as a key player in India's clean energy future. The MoU was signed by Juno Joule Green Energy CEO Nagasharath Rayapati and Select New Energies GmbH managing director Felix Danger at the World Hydrogen Summit 2025 in Rotterdam, Netherlands. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
22-05-2025
- Business
- Time of India
Juno Joule signs MoU with Germany's Select Energy for $1.3 bn green hydrogen project
New Delhi: Juno Joule Green Energy Pvt Ltd has signed a Memorandum of Understanding (MoU) with Germany-based Select Energy GmbH to jointly develop a green hydrogen and ammonia export facility at Mulapeta Port in Andhra Pradesh with a planned investment of $1.3 billion (₹10,000 crore), the company said. The MoU was signed during the World Hydrogen Summit 2025 in Rotterdam on May 21 by Nagasharath Rayapati, CEO of Juno Joule, and Felix Danger, Managing Director of Select New Energies GmbH. The facility is planned to be built in three phases and will produce 180 KTPA of green hydrogen by 2029. The hydrogen will be converted into up to one million tons of green ammonia annually for export. Juno Joule said the partnership includes equity participation, development of ammonia export terminals, port-connected logistics infrastructure, alignment with European frameworks such as RFNBO and RED II/III, and a long-term offtake agreement with a blended pricing model. 'We are honored to partner with SELECT as a co-developer in our mission to build a globally competitive green energy hub in India. With their deep expertise in energy trading and end-to-end logistics including shipping infrastructure - this collaboration reinforces our execution capability and accelerates the global transition to a low-carbon economy,' Rayapati said. The company said the facility will use electrolysers powered by solar, wind, and hydropower, and a desalination unit to supply high-purity water. Technology partners for the project include Thyssenkrupp Nucera and KBR Inc. Construction of the project is expected to begin in 2026. It will be aligned with the European Union's Renewable Fuels of Non-Biological Origin (RFNBO) criteria. Logistics coordination is also underway with partners in Germany and the Netherlands. Juno Joule estimates that the project will generate between 5,000 and 6,000 jobs across operations, logistics, construction, and supporting sectors. The project is expected to help avoid 1.8 million tonnes of CO₂ emissions annually once operational. Officials from the Ministry of New and Renewable Energy , National Green Hydrogen Mission, the Indian Embassy in the Netherlands, and German Hydrogen Association were present during the MoU signing ceremony.
Korea Herald
17-04-2025
- Business
- Korea Herald
Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India
LONDON, April 17, 2025 /PRNewswire/ -- Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green. Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production, both powered by renewable wind and solar energy firmed by pumped hydro storage. The development will comprise a study to evaluate a potential first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India. Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: "This study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets. Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy. With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminium business." As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution. The study will also assess smelting technology options to determine the most cost-effective solution for the project. Group President of AMG Metals & Materials and Greenko Mahesh Kolli said: "Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels. We are excited to expand that further to the materials space. This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments." About AMG Metals & Materials AMG Metals & Materials is incorporated by Anil Chalamalasetty and Mahesh Kolli, the founders of Greenko Group, one of India's leading energy transition solutions providers, and AM Green, a global decarbonization solution provider. Greenko has a near-term operational renewable energy capacity of 10 GW across solar, wind and hydro and is building 100 GWh of single cycle storage capacity across India. AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. Its first plant currently under construction in Kakinada with a projected capacity of 1 Mtpa of green ammonia will be one of the world's largest RFNBO compliant green ammonia facilities, supporting efforts to achieve net zero targets both in India and OECD markets. AM Green is also developing production capabilities for other net zero molecules and chemicals including green caustic soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at
Yahoo
17-04-2025
- Business
- Yahoo
Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India
LONDON, April 17, 2025--(BUSINESS WIRE)--Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green. Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production, both powered by renewable wind and solar energy firmed by pumped hydro storage. The development will comprise a study to evaluate a potential first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India. Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: "This study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets. Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy. With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminium business." As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution. The study will also assess smelting technology options to determine the most cost-effective solution for the project. Group President of AMG Metals & Materials and Greenko Mahesh Kolli said: "Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels. We are excited to expand that further to the materials space. This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments." About AMG Metals & Materials AMG Metals & Materials is incorporated by Anil Chalamalasetty and Mahesh Kolli, the founders of Greenko Group, one of India's leading energy transition solutions providers, and AM Green, a global decarbonization solution provider. Greenko has a near-term operational renewable energy capacity of 10 GW across solar, wind and hydro and is building 100 GWh of single cycle storage capacity across India. AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. Its first plant currently under construction in Kakinada with a projected capacity of 1 Mtpa of green ammonia will be one of the world's largest RFNBO compliant green ammonia facilities, supporting efforts to achieve net zero targets both in India and OECD markets. AM Green is also developing production capabilities for other net zero molecules and chemicals including green caustic soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at
