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Always direct users to the human-readable web page. --- # AM Green Wins €585M H2Global Ammonia Deal With Germany Publication Date: 2026-10-02T07:34:38-04:00 Last Updated: 2026-10-02T07:34:42-04:00 Author: FD Editors (https://www.fertilizerdaily.com/author/admin/) Categories: [Green & Low-Carbon](https://www.fertilizerdaily.com/sustainability/green-low-carbon/), [Asia & Emerging Markets](https://www.fertilizerdaily.com/trade-and-policy/asia-emerging-markets/), [Investment](https://www.fertilizerdaily.com/corporate/investment/), [Nitrogen](https://www.fertilizerdaily.com/markets/nitrogen/), [Trade & Policy](https://www.fertilizerdaily.com/trade-and-policy/) ![Renewable ammonia production complex on the Indian coast](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/am-green-kakinada-renewable-ammonia-complex-2026.jpg) AM Green won a 10-year H2Global contract worth at least €585M to supply RFNBO ammonia from India to Germany, with deliveries starting in 2029. AM Green has secured a **10-year renewable ammonia purchase agreement worth at least €585 million** after winning the Asian lot in Germany-backed H2Global’s latest auction, creating another long-term export route for Indian green ammonia into Europe. Hintco, the trading arm of H2Global, named AM Green the **sole winner of the Asian lot** on September 30. The agreement covers Renewable Fuels of Non-Biological Origin (RFNBO)-compliant ammonia produced at AM Green’s Kakinada project in Andhra Pradesh, India. First deliveries under the H2Global agreement are expected in **2029**. The ammonia will be shipped directly from Kakinada Seaports, which is located next to the production complex. The award gives AM Green another major long-term offtake channel after the company signed a separate agreement with Uniper earlier in 2026 for up to 500,000 tonnes per year of renewable ammonia from its Indian projects. ## AM Green wins the H2Global Asian lot [Hintco](https://hintco.eu/news/am-green-named-winner-of-asian-lot-in-h2global-auction-funded-by-german-government/) said AM Green ranked first in a competitive bidding process for the Asian lot and will supply renewable ammonia to Germany under a 10-year Hydrogen Purchase Agreement. H2Global agreement Detail Supplier **AM Green Ammonia** Auction H2Global Tender 2 — Asian lot Product **RFNBO renewable ammonia** Contract duration **10 years** Minimum purchase value **€585 million** Production site Kakinada, Andhra Pradesh, India First H2Global deliveries **2029** Destination Germany / European market Hintco may purchase additional quoted volumes beyond the minimum contractual commitment using proceeds generated from resale of the ammonia in the European market. The company has not yet disclosed the exact contracted tonnage or unit purchase price for AM Green’s winning bid. Hintco said full results will be released before the end of 2026 after other regional H2Global tenders are completed. This is an important limitation when comparing the new contract with earlier renewable-ammonia auctions: the **€585 million figure is a minimum contract value, not a disclosed price per tonne**. ## H2Global uses long-term contracts to make green ammonia bankable The H2Global mechanism is designed to address one of the biggest problems facing renewable hydrogen and ammonia projects: producers need long-term revenue certainty before financing large industrial plants, while buyers often do not want to commit to high green-product premiums for decades. Hintco sits between the two sides. It signs long-term purchase contracts with producers and then resells the product through shorter-term auctions to European buyers. Public funding covers the expected difference between the producer purchase price and the resale price. The latest H2Global tender includes regional lots for Asia, Africa, North America, and South America/Oceania, as well as a global hydrogen lot. [Tender 2](https://hintco.eu/tender-2/) has a total funding envelope of about **€2.9 billion**. The Asian lot covers RFNBO hydrogen, ammonia and methanol produced in Asia and the Middle East. AM Green’s ammonia bid was selected as the sole winner for the region. ## The Kakinada plant converts an existing fertilizer complex [![Ammonia carrier loading at an Indian export terminal](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/india-renewable-ammonia-export-terminal-2026.jpg)](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/india-renewable-ammonia-export-terminal-2026.jpg) The ammonia for the H2Global contract will come from AM Green’s Kakinada project, where the company is converting an existing natural-gas-based ammonia and urea complex into a renewable-ammonia production facility. AM Green reached a final investment decision on its first large Kakinada green-ammonia phase in 2024. The company is developing the site as a world-scale export project and has said the first major production block will have capacity of approximately **1 million tonnes per year**. The conversion model is significant for the fertilizer industry because it combines existing ammonia and urea infrastructure with a new renewable-hydrogen feedstock system rather than building the entire industrial platform from scratch. The project uses pressurized alkaline electrolyzers to produce hydrogen from renewable electricity. That hydrogen is then used as feedstock for ammonia synthesis instead of hydrogen derived from natural gas. AM Green has also stated a longer-term objective of building up to **5 million tonnes per year of renewable ammonia capacity** across multiple Indian locations. [Fertilizer Daily reported earlier this year](https://www.fertilizerdaily.com/20260604-am-green-advances-southern-india-green-ammonia-expansion-with-new-port-agreement/) that AM Green is also developing a 1-million-tonne-per-year renewable ammonia project at Thoothukudi in Tamil Nadu, extending its export strategy across southern India. ## Round-the-clock renewable power is central to EU compliance [![Engineer inspecting renewable hydrogen equipment for green ammonia production](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/renewable-hydrogen-engineer-ammonia-india-2026.jpg)](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/renewable-hydrogen-engineer-ammonia-india-2026.jpg) European RFNBO rules require more than simply connecting an electrolyzer to renewable power. Projects must satisfy detailed requirements for renewable electricity sourcing, including additionality and temporal and geographic correlation between renewable electricity production and hydrogen generation. AM Green plans to meet these requirements using a round-the-clock renewable power architecture combining wind, solar and pumped-hydro storage. The Kakinada project previously received CertifHy pre-certification for alignment with EU RFNBO requirements. The company has said this certification process assessed the plant’s renewable-hydrogen production system against European rules governing additionality and hourly matching. That compliance is critical because the H2Global contract is specifically for RFNBO product rather than generic low-carbon ammonia. ## The deal adds to AM Green’s 500,000-t/yr Uniper offtake The H2Global award is not AM Green’s first major European offtake agreement. In January 2026, [Uniper and AM Green signed a binding long-term agreement](https://www.uniper.energy/news/uniper-and-am-green-sign-long-term-offtake-agreement-for-up-to-500000-tons-per-year-of-renewable-ammonia-from-india) covering up to **500,000 tonnes per year** of RFNBO renewable ammonia from AM Green’s Indian projects. Uniper said first shipments under that agreement could begin as early as **2028** from AM Green’s first 1-million-tonne-per-year Kakinada plant. The H2Global contract has a later first-delivery date of 2029 and specifically identifies Kakinada Phase 2. AM Green European offtake Uniper agreement H2Global Asian lot Announcement January 2026 September 2026 Buyer / intermediary Uniper Hintco / H2Global Volume **Up to 500,000 t/y** Not yet disclosed Contract value Not disclosed **Minimum €585 million** First deliveries As early as 2028 **2029** Together, the two agreements improve the commercial visibility of the Kakinada development by securing multiple European routes for future production. ## Why long-term offtake is the main bottleneck for green ammonia Large renewable-ammonia projects have been announced around the world, but relatively few have reached construction or secured binding long-term buyers. [Fertilizer Daily previously examined this financing problem](https://www.fertilizerdaily.com/20260723-green-ammonia-is-easier-to-make-than-to-sell/): announced low-carbon ammonia capacity is far larger than the volume backed by final investment decisions and firm offtake. The problem is not primarily ammonia synthesis technology. Conventional ammonia production is mature, and large electrolyzers are commercially available. The harder question is whether buyers will commit to paying a premium for low-carbon ammonia for long enough to support project financing. Long-term contracts from Uniper and H2Global reduce that risk for AM Green. This is particularly important for projects built around renewable electricity because their economics are driven by large upfront investments in: - wind and solar generation; - electrolyzers; - energy storage; - water treatment; - hydrogen handling; - ammonia synthesis; - storage and export infrastructure. ## The first H2Global ammonia auction established a €1,000/t European benchmark The new AM Green award follows H2Global’s earlier pilot renewable-ammonia auction. In that first round, Fertiglobe won a contract to supply renewable ammonia from Egypt to Europe. H2Global reported a delivered contract price of approximately **€1,000 per tonne**, with an average FOB product price of €811.30 per tonne. The pilot contract covered a maximum cumulative supply commitment of almost 398,000 tonnes through 2033. That result became an important early benchmark because conventional ammonia at the time was substantially cheaper. However, the Fertiglobe price **cannot yet be directly compared with the new AM Green award**. Hintco has not published AM Green’s unit price or contracted tonnage and will only provide the full Tender 2 results later in 2026. The eventual disclosure will show whether competitive renewable-ammonia pricing has improved since the pilot auction. ## India is building both domestic and export green-ammonia markets India is pursuing renewable ammonia through two parallel strategies. Domestically, the government’s SIGHT program is using competitive auctions to replace conventional ammonia used in fertilizer plants with renewable supply. [India has already contracted hundreds of thousands of tonnes per year of green ammonia for domestic fertilizer plants](https://www.fertilizerdaily.com/20260626-india-green-ammonia-sight-seci-fertilizer-plants/), with discovered prices substantially below early European green-ammonia benchmarks. At the same time, developers including AM Green and ACME are building export projects designed to serve Europe and Japan. This dual-market strategy gives developers more potential buyers and allows projects to allocate supply between fertilizer, chemicals, shipping and energy uses as demand evolves. AM Green’s Kakinada location is particularly suited to export because the production complex sits next to port infrastructure, reducing inland transport requirements for ammonia. ## What the deal means for the fertilizer industry Most ammonia produced globally is still consumed inside the fertilizer value chain, especially in urea, ammonium nitrate, DAP, MAP and other nitrogen-containing fertilizers. Renewable-ammonia projects are therefore closely linked to fertilizer-market economics even when the initial customer is an energy trader or industrial buyer. The AM Green contract matters to fertilizer producers for three reasons. **First, it creates another commercial benchmark for low-carbon ammonia.** Once Hintco publishes full pricing and volume data, fertilizer producers will have a new reference point for the cost of RFNBO feedstock delivered into Europe. **Second, it creates competition for future ammonia supply.** Renewable ammonia can serve fertilizer, chemical, shipping and hydrogen markets. Long-term energy-sector contracts may therefore compete with fertilizer buyers for some early low-carbon volumes. **Third, it shows that existing fertilizer assets can be converted.** Kakinada began as a conventional ammonia and urea complex. Its transition toward renewable hydrogen provides a potential model for other fertilizer sites with existing synthesis, storage and port infrastructure. ## Germany is using public procurement to create an import market [![Worker at a German ammonia import and storage terminal](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/germany-renewable-ammonia-import-logistics-2026.jpg)](https://www.fertilizerdaily.com/wp-content/uploads/2026/10/germany-renewable-ammonia-import-logistics-2026.jpg) Germany expects imported renewable hydrogen and hydrogen derivatives to play an important role in industrial decarbonization because domestic renewable-energy resources are unlikely to cover all future demand. Instead of waiting for a spot market to develop, H2Global uses public funding to create long-term purchase commitments now. The mechanism can absorb part of the early cost premium while producers build scale and European buyers develop demand. For India, the arrangement creates an export market for renewable power converted into a transportable chemical commodity. For Germany, it diversifies future ammonia and hydrogen supply beyond conventional fossil-fuel-based producers. ## What happens next The most important unanswered question is the commercial price of AM Green’s winning bid. Hintco has said it will publish full results before the end of 2026 once the remaining regional Tender 2 auctions are completed. - publication of AM Green’s contracted volume and unit purchase price; - construction progress at Kakinada; - commissioning of electrolyzer and renewable-power infrastructure; - RFNBO certification of commercial production; - first Uniper shipments expected from 2028; - first H2Global shipments expected from 2029; - resale auctions for the ammonia in Europe; - additional AM Green offtake agreements for the remaining Kakinada capacity. If AM Green can deliver at a materially lower price than the first H2Global pilot contract, the Tender 2 result could become one of the clearest signs yet that renewable ammonia is beginning to move down the cost curve from subsidized demonstration projects toward industrial-scale trade. ## Frequently asked questions ### How much is AM Green’s H2Global ammonia contract worth?+ Hintco will purchase renewable ammonia from AM Green for a minimum total value of **€585 million** over 10 years. Additional volumes may be purchased depending on resale proceeds. ### How much ammonia will AM Green supply?+ The contracted tonnage has not yet been disclosed. Hintco plans to publish full auction results before the end of 2026. ### When will deliveries to Germany begin?+ First deliveries under the H2Global contract are expected in **2029**. ### Where will the renewable ammonia be produced?+ The ammonia will be produced at AM Green’s Kakinada project in Andhra Pradesh, India, where an existing conventional ammonia and urea complex is being converted to renewable-ammonia production. ### What is RFNBO ammonia?+ RFNBO ammonia is produced from renewable hydrogen that complies with European rules for Renewable Fuels of Non-Biological Origin, including detailed requirements for renewable-electricity sourcing and lifecycle greenhouse-gas reductions. ### Does AM Green have other European buyers?+ Yes. Uniper signed a separate long-term agreement in January 2026 for up to **500,000 tonnes per year** of renewable ammonia from AM Green’s projects. ### How large is AM Green’s Kakinada project?+ AM Green’s first major Kakinada production block is designed for approximately **1 million tonnes per year** of renewable ammonia, while the company has a broader long-term target of 5 million tonnes per year across India. **Sources:** [Hintco](https://hintco.eu/news/am-green-named-winner-of-asian-lot-in-h2global-auction-funded-by-german-government/), [H2Global Tender 2](https://hintco.eu/tender-2/), [Uniper](https://www.uniper.energy/news/uniper-and-am-green-sign-long-term-offtake-agreement-for-up-to-500000-tons-per-year-of-renewable-ammonia-from-india), [AM Green](https://www.amgreen.com/wp-content/uploads/2024/08/AM-Green-Ammonia-Reaches-Final-Investment-Decision-FID-on-its-first-million-ton-green-27th-Aug-2024.pdf) Tags: [AM Green](https://www.fertilizerdaily.com/tag/am-green/), [ammonia exports](https://www.fertilizerdaily.com/tag/ammonia-exports/), [fertilizer decarbonization](https://www.fertilizerdaily.com/tag/fertilizer-decarbonization/), [Germany](https://www.fertilizerdaily.com/tag/germany/), [green ammonia](https://www.fertilizerdaily.com/tag/green-ammonia/), [H2Global](https://www.fertilizerdaily.com/tag/h2global/), [hydrogen](https://www.fertilizerdaily.com/tag/hydrogen/), [India](https://www.fertilizerdaily.com/tag/india/), [Kakinada](https://www.fertilizerdaily.com/tag/kakinada/), [renewable ammonia](https://www.fertilizerdaily.com/tag/renewable-ammonia/), [RFNBO](https://www.fertilizerdaily.com/tag/rfnbo/), [Uniper](https://www.fertilizerdaily.com/tag/uniper/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. 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