October 5, 2026: India’s green hydrogen story is beginning to move beyond government incentives and project announcements, with binding international commercial offtake agreements emerging for Indian producers of green ammonia and green methanol. The first major export commitments are being secured by companies such as ACME Group, AM Green and Larsen & Toubro’s L&T Energy GreenTech, with Japan and Europe emerging as the first large overseas markets.

In the latest development, Hyderabad-based AM Green has been selected as the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH (Hintco), securing a long-term purchase agreement to supply renewable ammonia to Germany. Over a period of 10 years, Hintco will purchase ammonia from AM Green for a minimum value of €585 million and may purchase additional quoted volumes using proceeds generated from the resale of green ammonia in the European market.

The ammonia will be produced at AM Green’s Kakinada project (Phase 2) in Andhra Pradesh, where the company is converting an existing natural-gas-based ammonia and urea production complex into a renewable-ammonia facility using alkaline electrolysis technology. First deliveries to Germany are expected in 2029, with the ammonia to be shipped from Kakinada Seaports, which is located directly alongside the plant.

(Source: Fortune India)