The Asian Development Bank and the Government of Japan have signed financing agreements with AM Green Ammonia for a 1.1 million tonne per year green ammonia complex at Kakinada, Andhra Pradesh, built on the site of an existing gas-based ammonia and urea plant. A US$100 million loan from the LEAP 2 fund backed by JICA anchors the deal, the first under the partners’ ACCEL initiative. Two 547,500 tonne trains will combine electrolytic hydrogen, ammonia synthesis, storage and port export, with first output targeted for March 2029.
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