Keppel Infrastructure and Greenko, through their subsidiaries, have signed a MoU to jointly explore green ammonia and renewable energy opportunities to meet the growing demand for low carbon energy in India, Singapore and globally.

The MoU will see Keppel Infrastructure collaborate with Greenko, one of India’s leading renewable energy companies, to explore the feasibility of jointly developing a production facility which can produce at least 250,000 tpy of green ammonia. In addition, KI and Greenko will jointly identify and evaluate a portfolio of solar and wind energy projects, up to an installed capacity of approximately 1.3 GW, complemented by pumped hydro-storage, to power the green ammonia production facility. Green ammonia is made with green H₂ that comes from water electrolysis powered by renewable power.

As more countries journey towards net zero emissions to fight climate change, there is a growing interest internationally to use green ammonia as a direct feedstock for carbon-free energy generation, because when it is used as a fuel, green ammonia does not generate any CO₂. Green ammonia can also be used as a H₂ carrier to provide green H₂ solutions for hard to abate sectors like chemical and heavy industries. In addition, green ammonia may be used to replace bunker fuels to decarbonize the global maritime industry. The International Energy Agency recognized ammonia – along with H₂ – as an important fuel for future electricity generation.

Cindy Lim, CEO of Keppel Infrastructure said, “Green ammonia, as a carbon-free fuel, and an energy storage medium, as well as a transportation vector for hydrogen, has the potential to play a pivotal role in the decarbonization of the energy and heavy industry sectors. This MoU with Greenko further underlines Keppel’s strategy to be at the forefront of providing innovative, sustainable energy solutions to help the world combat climate change.

“As part of the Keppel Group, which offers solutions for sustainable urbanization, Keppel Infrastructure possesses a strong track record of developing and operating large-scale infrastructure projects. We look forward to working closely with our eco-system partners as we pursue scalable opportunities across the green ammonia supply chain and the related infrastructure, from production to transportation and delivery, including bunkering. This is in line with Keppel’s Vision 2030, which places sustainability at the core of the Group’s strategy.”

The collaboration between KI and Greenko is set to support India’s goal to manufacture 5 MMtpy of green H₂ by 2030 and become a production and export hub for the fuel.

Commenting on the partnership, Anil Kumar Chalamalasetty, CEO and Managing Director at Greenko said, “As the global energy transition efforts leveraging green hydrogen and derivatives gain speed, we are committed to Hon’ble PM Shri Modi Ji’s vision of India’s leadership in combating climate change, establishing the country as a reliable, sustainable source of the lowest cost green molecules and to catalyze India’s and the world’s decarbonization.

“The transformation of India from a carbon-based fossil energy importer to an exporter of renewable energy-derived products like green hydrogen, green ammonia, and other green molecules, is the cornerstone of Greenko’ s strategy for future growth. Along with Greenko’s Intelligent Renewable Energy Storage Platform (IRESP) and foray into electrolyzer manufacturing, partnerships like these with Keppel are key enabling aspects in an accelerated execution of this vision.”