Page 132 - CW E-Magazine (10-9-2024)

Top Stories

COLLABORATION

KABIL, Oil India ink critical minerals exploration MoU

Khanij Bidesh India Ltd. (KABIL)
and Oil India Ltd. (OIL) have signed
a Memorandum of Understanding
(MoU) at NALCO’s corporate head-
quarters in Bhubaneswar, according to
a stock exchange filing.

KABIL, a joint venture of three
government firms – NALCO (National
Aluminium Company), Hindustan
Copper Ltd., and Mineral Exploration The pact was signed by the parties production. Mr. Sridhar Patra, CMD,
and Consultancy Ltd., operates under to find “international critical mineral NALCO and Chairman, KABIL said,
the Ministry of Mines and focuses on opportunities” and to conduct “com- “This MoU opens a new chapter in
overseas mineral asset development. prehensive due diligence” in identi- the progress of KABIL, because the
fying and exploiting potential critical strengths of KABIL and OIL will syner-
The MoU was signed with the mineral opportunities and to co-invest gise for opening new vistas in criti-
objective to collaborate in existing and in potential critical mineral projects, cal minerals exploration and exploita-
future projects of KABIL with the aim according to the filing. The partnership tion in the country and abroad thereby
of strengthening and fostering connec- seeks to combine KABIL’s expertise taking a step forward in our journey of
tions in the exploration and exploita- in securing mineral resources with Oil Atma Nirbhar Bharat and mineral
tion of critical minerals. India’s experience in exploration and securitisation of the nation”.

PROJECT PROGRESS
AM Green announces ‘Final Investment Decision’

on its Kakinada green ammonia project

AM Green, incorporated by the to green ammonia, along with all associ- power enabled through 4,500-MW solar
founders of Hyderabad-based Greenko ated balance of plant and infrastructure. and wind hybrid capacity in combination
Group, Anil Chalamalasetty and This project will be located at an exis- with 950-MW of PSP capacity. A 25-year
Mahesh Kolli, has announced the Final ting urea plant in Kakinada, which the fixed-price power purchase agreement
Investment Decision (FID) for its green company acquired earlier this year and (PPA) with NTPC, covering half of this,
ammonia project located in Kakinada, forms part of the above capex spend. It is already in place. The remaining capa-
Andhra Pradesh. plans to convert this facility into a green city is expected to be supplied by Gentari.
ammonia producing unit, which will
FID for the project kick starts the commence production in the second half The company has access to giga-
company’s target production capacity of 2026. watt-scale pump storage projects and a
of 5-million tons per annum (mtpa) of manufacturing partnership for electroly-
green ammonia by 2030 – equivalent to Most of the production from this sers with John Cockerill of 2-GW scale.
about 1-mtpa of green hydrogen. The facility will be exported to European mar- These pressurised alkaline electroly-
company, in addition to its founders, has kets. The company has already executed sers are envisioned to be deployed for
Malaysian clean energy group Gentari offtake term sheets for this project with this project. In addition to the Kakinada
and Singapore’s GIC as its shareholders. major players such as Uniper, Yara, Keppel project, the company is also focused on
and others for intended end use in a the production of green ammonia across
The total project spend for the plant range of green hydrogen applications. multiple locations in India to achieve its
will include a green hydrogen genera- The company has secured the required planned 5-mtpa of green ammonia capa-
tion unit and its subsequent conversion 1,300-MW round-the-clock carbon-free city by 2030.

132 Chemical Weekly September 10, 2024

Contents Index to Advertisers Index to Products Advertised