Andhra Pradesh Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan on Saturday laid the foundation stone for one of the country’s largest green hydrogen–based green ammonia projects in Kakinada.
The project is being set up by AM Green, a company of the Greenko Group, with an investment of around Rs 18,000 crore (about $2 billion).
The green ammonia
produced at the facility will be exported to countries such as Germany, Japan and Singapore, with Germany-based Uniper as a key offtaker.
According to the project proposal, the construction phase will generate employment for nearly 8,000 people.
Once the project becomes operational, it is expected to create large-scale job opportunities in logistics, storage and port-related services.