RWE and AM Green Ammonia sign Memorandum of Understanding to supply up to 250,000 tonnes annually of RFNBO-compliant ammonia from India

ESSEN, Germany and HYDERABAD, India, Sept. 19, 2024 /PRNewswire/ -- RWE Supply & Trading has signed a Memorandum of Understanding (MoU) with AM Green Ammonia B.V. (AMG) for the long-term supply of green ammonia from its plants based in India. It outlines the supply of up to 250,000 tonnes of green ammonia per year. The ammonia will be sourced from AMG's production sites in Kakinada and Tuticorin, India. Initially, 50,000 tonnes of green ammonia will be produced at the Kakinada site, with the remaining volume of up to 200,000 tonnes to be sourced from the Tuticorin facility.

AMG is a subsidiary of the AM Green Group. AMG's ammonia manufacturing facilities will be powered entirely by carbon-free energy sources such as solar, wind, and hydroelectric power. The produced ammonia will meet EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) as defined in the Renewable Energy Directive (RED III). AMG's facility in Kakinada has already been pre-certified for RFNBO compliance. Pre-certification for other facilities is underway.

Deliveries of green ammonia from AMG's sites are expected to start by 2027. A subsequent offtake agreement between RWE and AMG will detail the contractual provisions.

Costas Papamantellos, Head of International Hydrogen Investments at RWE Supply & Trading said, "RWE is committed to investing in hydrogen and its low-carbon derivatives to help industries achieve their climate goals. For this end, we are building strong supply chains with partners globally. Partnering with AMG allows us to secure green ammonia capacities at an early stage."

Mahesh Kolli, Group President of AM Green said, "We are delighted to partner with RWE to propel the transformation of various industries and several OECD economies. This agreement emphasizes AM Green's ability to align itself with an innovative and flexible contracting structure in line with commodity trading practices. Continuous focus on innovation combined with execution reinforces AM Green's leadership position as a global clean energy transition solutions platform for low-cost green molecules such as hydrogen, ammonia, fuels and other chemicals."

For further enquiries:

Olaf Winter

Suheil Imtiaz

Media Relations

Public Affairs & Strategic Communications

RWE Supply & Trading GmbH

AM Green

T: +49 201 5179-8455

M: + 91 94401 59289

E: olaf.winter@rwe.com

E: suheil.m@amgreen.com

Note to the editor - RWE Supply & Trading

RWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 2,000 employees from over 70 different countries trade electricity, gas, commodities, and CO₂ emission allowances. Accurate market analyses and a high degree of customer centricity enable them to create innovative energy supply solutions as well as risk management concepts for industrial operations. The trading entity also ensures the commercial optimisation of RWE's power plant dispatch and markets electricity from RWE. In addition, there is the legally independent RWE gas storage business in Germany under the umbrella of RWE Supply & Trading.

RWE Supply & Trading is establishing itself as a key player in the global hydrogen market, focusing on green and blue hydrogen and their derivatives, such as ammonia. As part of its global strategy, the company is investing along the entire value chain by developing a diversified portfolio of projects and long-term offtake agreements worldwide, with a particular emphasis on importing green molecules to Northwest Europe.

Forward-looking statements

This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments on financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company's future results and developments. Neither the company nor any of its affiliates undertakes to update the statements contained in this press release.

Data Protection

The personal data processed in connection with the press releases will be processed in compliance with the legal data protection requirements. If you are not interested in continuing to receive the press release, please inform us at Datenschutz-kommunikation@rwe.com. Your data will then be deleted, and you will not receive any further press releases from us in this regard. If you have any questions about our data protection policy or the exercise of your rights under the GDPR, please contact datenschutz@rwe.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

RWE and AM Green Ammonia sign Memorandum of Understanding to supply up to 250,000 tonnes annually of RFNBO-compliant ammonia from India

OXFORD, England, Sept. 19, 2024 /PRNewswire/ -- Lacuna Space is revolutionising satellite technology to provide affordable, global Internet of Things (IoT) connectivity for remote devices and equipment. In an era where connectivity is often limited to densely populated areas, a significant challenge remains in extending this reach to less connected, yet crucial regions. Lacuna Space is at the forefront of addressing this challenge by designing a low-power and battery-efficient device that enables users to send data from even the most remote regions, eliminating the need for traditional infrastructure.

The battery-efficient IoT devices, which can operate for up to five years on a single charge, make Lacuna's system ideal for long-term monitoring in remote areas. Whether tracking environmental changes, managing agricultural systems, or monitoring equipment performance, Lacuna Space's satellite-enabled IoT ensures reliable, long-term data transmission from anywhere.

After several years of close collaboration with Australian regulators, during which Lacuna demonstrated their system and showcased its value, Lacuna Space has now secured the necessary licenses and regulatory approval for commercial operations in Australia.  

As the sixth-largest country in the world by land area, Australia's vast geographical expanse creates significant challenges in ensuring connectivity across all regions. This makes it an ideal environment for satellite IoT solutions. Agriculture is a particularly dominant industry in Australia, accounting for 55% of land use and 74% of the nation's water resources. Lacuna Space's satellite IoT enables remote, low-cost sensors to transmit critical data via its global constellation, offering insights where traditional infrastructure is impractical.

In Northern Queensland, a particularly dry and remote region, Lacuna Space is working with a company to manage water levels and drought conditions. Here, efficient water management is crucial to sustain livestock grazing and support local communities during droughts. By eliminating the need for expensive terrestrial infrastructure, Lacuna's satellite IoT can help provide long-term insights to help mitigate the impact of droughts by ensuring more efficient water and resource management.

Lacuna Space is uniquely positioned to address connectivity challenges across vast and remote regions such as Australia. The examples in this article highlight just a few of the potential solutions aimed at overcoming obstacles that are prevalent across Australia. Discover how Lacuna Space can help your business in remote regions – connect with us on LinkedIn or reach out today: https://lacuna-space.com/contact/

Contact:
Kitty Howie
kitty@lacuna-space.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Lacuna Space: Open for Business In Australia