Swiss Ameropa and India Hygenco sign term sheet for potential green ammonia supply

HOUSTON (ICIS)–Swiss fertilizer producer and trader Ameropa and India firm Hygenco Green Energies have announced they have signed a term sheet regarding the potential supply of green ammonia from Hygenco’s forthcoming plant in India.

The companies said one of the goals of this pact is to enhance green ammonia exports from India and to support the global transition to renewable energy and sustainable agricultural practices.

Hygenco will produce green ammonia from a project to be located at the Gopalpur port in Odisha with the first phase anticipated to produce 600 short tons/day, which it plans to achieve by 2027.

As designed phase two will double output to 1,200 tonnes/day by early 2028 with the project scheduled to reach full capacity of 1.1 million tons/year of green ammonia by 2030.

Looking to capture a significant share of the growing global low-carbon ammonia markets, Hygenco and Ameropa said they are planning to start exporting green ammonia to Europe and Asia with a key focus on establishing a reliable supply chain.

Currently Hygenco is the only Indian company with an operational commercial green hydrogen plant, and it plans to invest $2.5 billion in green hydrogen and green ammonia projects in the next three years.

“Inspired by the age-old philosophy that the world is one family, we are proud to announce a visionary partnership with Ameropa to support their decarbonization goals,” said Amit Bansal, Hygenco Green Energies CEO.

“This term sheet highlights India’s exceptional position to lead globally in this sector, by harnessing its abundant renewable energy resources and strong infrastructure.”

India has a target of producing 5 million tonnes of green hydrogen by 2030 and if this is achieved the country is poised to then become a major exporter of green ammonia.

For Ameropa, this opportunity is seen as being pivotal to help them make low-impact fertilizers and grow sustainable agricultural practices as well as significantly enhance the company’s indirect emissions reduction.

“The Swiss trader has decided to support Hygenco’s well-advanced plans while nurturing the ambition of a global portfolio of low-carbon ammonia,” said Beat Ruprecht, Ameropa Head of Ammonia.