AM Green wins H2Global Asian auction, secures €585 million ammonia supply deal

Hyderabad, Sep 30 (UNI) AM Green Ammonia (India) Private Limited, one of India's leading green hydrogen and ammonia developers, on Wednesday said it has won the Asian lot in Germany-backed H2Global's renewable ammonia auction, securing a 10-year purchase agreement worth a minimum of €585 million with Hintco GmbH. The award follows a competitive bidding process in which AM Green's offer was ranked first among the bids received. Under the agreement, Hintco will purchase renewable ammonia from AM Green over 10 years, with the possibility of procuring additional volumes for resale in the European market, the company said in a release.…