Green Ammonia (NH3) — carrier for Green Hydrogen — produced via alkaline electrolysis powered by 500MW solar PV

Curated by Vinod Kumar Jain & Amit Jain · All Frontier Global · free, no login

Corridor

India-Netherlands

Mandate Type

sell

Principal Type

seller

Incoterm

FOB Kandla or Mundra

Price Range

Target: USD 600-750/MT FOB (linked to European ARA NH3 spot price; current NH3 market EUR 350-450/MT but green NH3 commands EUR 150-250/MT premium)

Payment Terms

Long-term offtake agreement (15 years); price formula: indexed to NH3 European spot price (CIF ARA) plus/minus agreed differential; floor price protection for Indian developer; EU Hydrogen Bank auction participation encouraged by EU buyer

Frequency

annually

Specification

Production: Haber-Bosch synthesis from green hydrogen (produced via alkaline electrolysis; 25 MW electrolyser capacity Phase 1, scaling to 200 MW Phase 3) and green nitrogen; renewable hydrogen source: dedicated 500 MW solar PV facility (Rajasthan); GHG intensity: < 0.4 kg CO2eq/kg NH3 (EU RFNBO criteria met — < 3.38 kg CO2eq/kg H2 equivalent); third-party GHG verification: TÜV SÜD or Bureau Veritas; EU Delegated Act on RFNBO (Commission Delegated Regulation 2023/1184) compliant; ammonia purity: 99.8% NH3 by weight; delivery: via chemical tanker from Kandla or Mundra to Rotterdam or Amsterdam; first delivery targeted Q3 2028 (Phase 1 commercial scale)

Notes

Phase 1 capacity: 30,000 MT/year green ammonia from 25 MW electrolyser + 100 MW solar. Phase 3 target: 200,000 MT/year by 2031. Land secured (1,200 hectares, Rajasthan); environmental clearance filed; electrolyser OEM shortlisted. Seeking binding LOI with European buyer that can be used for Phase 1 project financing (PFC, IREDA, green bond). Willing to accept EU Hydrogen Bank auction conditions that determine floor price. Indian government NOC for strategic hydrogen project obtained.

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