PTI
Malaysian energy giant Petroliam Nasional (Petronas) and Singapore’s sovereign wealth fund GIC will invest in a project to produce five million tonnes of green ammonia a year in India by 2030.
Gentari, the renewable energy arm of Petronas, and an affiliate of GIC will invest in the project being developed by AM Green, which has been set up by the founders of clean energy company Greenko Group, the companies said in a statement.
“Gentari Sdn Bhd (Gentari), via its wholly-owned subsidiary Gentari International Renewables Pte Ltd, has entered into an agreement with AM Green BV (AM Green) to jointly invest, in phases, into a green ammonia platform, AM Green Ammonia Holdings BV (AMG Ammonia),” it said.
