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Petroliam Nasional Bhd, Singapore sovereign wealth fund GIC and the founders of Greenko Energy Holdings are investing $2 billion in AM Green, a platform thats being established for green molecules, including green hydrogen, green ammonia and other chemicals.
Petronas arm Gentari and AM Green established by the creators of Greenko have officially announced the signing of binding agreements with a GIC affiliate. Their collective goal is to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030, which is equivalent to approximately 1 MTPA of green hydrogen.
Stay up-to-date with Global Solar Rooftop Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry s growth.
I Squared Capital and Hinduja Renewables Energy are the remaining contenders bidding for TPG Capital s 52% stake in Fourth Partner Energy at an equity value of around $350m.