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Yara Clean Ammonia, the world’s largest trader and distributor of ammonia, has forged a long-term deal with India-based Greenko ZeroC (formerly known as AM Green), the green ammonia production arm of the India-based AM Green.

This historic deal majorly boosts the green ammonia industry and propels the net zero goals of both economies.

Unlocking the Key Features of the Green Ammonia Deal

The agreement and the term sheet ensure the supply of 50% renewable ammonia from Phase 1 of AM Green’s ammonia production plant located in Kakinada, Andhra Pradesh.

The document further states that Greenko’s plant will produce, and export renewable ammonia derived from round-the-clock carbon-free energy by 2027.

The press release from Yara Ammonia highlights two important aspects of this deal:

  • AM Green’s platform will ensure compliance with EU RFNBO and Renewable Energy Directive requirements for renewable ammonia and other sustainable fuels.
  • Yara Clean Ammonia will utilize the renewable ammonia supply to manufacture low-emission fertilizer and to decarbonize industries such as shipping, power, and energy-intensive sectors.

Mr. Mahesh Kolli, President of AM Green has expressed himself with a note,

“We are delighted to partner with Yara Clean Ammonia to propel the transformation of various industries and several OECD economies. 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.”

Clean Ammonia: Fuelling the Future  

Ammonia, with no CO2 emissions upon combustion, is poised to be a key fuel in the future, aligning well with the hydrogen economy. Unlike liquid hydrogen, ammonia doesn’t require extreme cooling and boasts superior energy density. This renders it more practical for transportation and storage.

Moreover, ammonia production utilizing renewable energy sources leads to negligible or zero GHG emissions.

Scaling Up: AM Green’s Bold Plan for a Mega-Scale Green Ammonia Platform

Founded by the creators of Greenko Group, the company is building production capacity for green molecules, including:

  • green hydrogen
  • ammonia,
  • biofuels and e-methanol
  • sustainable aviation fuels,
  • high-value downstream chemicals

Its main goal is to decarbonize the tough industries. Additionally, Greenko plans to establish an international renewables and storage business by collaborating with John Cockerill of Belgium. Together they would manufacture electrolyzers to produce green ammonia.

Uniper and Greenko signed exclusivity for Green Ammonia offtake to the EU from India’s first Green Ammonia Project in Kakinada. Their press release states that they have collaborated to negotiate innovative pricing and supply. Together they would “build a tenure structure for a unique supply and purchase agreement for 250,000 T per annum of Green Ammonia (GASPA) based on the Heads of Terms.” 

Greenko’s Kakinada project is a multi-phase green ammonia production and export facility. It would be one of the world’s largest green ammonia platforms.

Furthermore, the company’s annual report reveals that:

  • Greenko is building a 2 GW per year Alkaline Electrolyser manufacturing capacity. It can produce 1 Lakh TPA Green Ammonia that will be operational by 2024.
  • Further, 1 MTPA Green Ammonia manufacturing capacity will be supplemented in the next two consecutive years summing up to 3.1 MTPA capacity by the end of 2026.
  • Additionally, there are plans to increase the capacity to 5 MT per annum by 2030.

Greenko’s Green H2 and Energy Carrier Architecture

Greenko

source: Greenko

Yara’s Ambitious Decarbonization Goals for its Ammonia Plant

Yara Clean Ammonia headquartered in Oslo, Norway operates the largest global ammonia network with 15 ships. Through Yara, it has access to 18 ammonia terminals and multiple ammonia production and consumption sites worldwide.

In 2021, Yara received NOK 283.25 million from Enova to develop a green ammonia initiative. It marked the first step towards fully decarbonizing the Herøya ammonia plant in Porsgrunn, Norway.

The Herøya fertilizer factory ranks among Norway’s top CO2 emitters outside the oil and gas sector, releasing 800,000 tonnes of CO2 annually. Hydrogen, vital in fertilizer production, is currently derived from liquefied fossil gas, but Yara aims to shift to renewable energy sources, enabling emission-free ammonia production.

CEO Svein Tore Holsether emphasizes Norway’s unique opportunity to lead the green transition. He highlighted green ammonia’s versatility and its role in reducing emissions in global food production and long-distance shipping. Yara’s corporate board commits to investing in a 24 MW demonstration plant, making it one of the world’s largest green ammonia production projects.

Yara reports that this shift to renewable energy will cut CO2 emissions by about 41,000 tons yearly. It would also produce enough hydrogen to yield 60,000 – 80,000 tonnes of green, fossil-free mineral fertilizer annually.

Another landmark deal is the Yara Clean Ammonia and Cepsa partnership. This initiative aims to decarbonize the European industry and maritime transport by creating a secure and cost-effective supply chain for low-emission ammonia and hydrogen.

Strategy scorecard of Yara Ammonia

Yara Ammonia

source: Yara’s report

Considering the AM Green collaboration, Hans Olav Raen, CEO, of Yara Clean Ammonia commented,

“The AM Green Kakinada project expands our portfolio of ammonia produced with renewable energy and consolidates Yara Clean Ammonia’s position as a reliable supplier of low-emission ammonia to established and emerging markets like fertilizer production, cracking of clean ammonia to hydrogen, shipping fuel, power generation, and other industrial applications.”

We can conclude from this report that the Yara Ammonia-Greenko deal could revolutionize sustainable energy architecture by ambitiously ramping up green ammonia production and supply. Notably, it indicates a substantial potential!

The post Yara Clean Ammonia Signs Historic Deal with India’s Greenko ZeroC to Ramp Up Green Ammonia Supply appeared first on Carbon Credits.

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The Strategic Case for Nature-Based Carbon Investments

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Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.

1. Define the sourcing problem before choosing a project

Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.

This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.

CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.

2. Develop nature-based carbon investments around the actual supply chain

The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?

Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.

Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.

The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.

3. Compare the proposal with other ways to protect supply

WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.

The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.

The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.

The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.

4. Establish what the carbon outcome could count toward

Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?

Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.

SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.

For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.

Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.

5. Build a financial case that survives weaker assumptions

Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.

Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.

Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.

A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.

6. Fund a pilot with a clear expansion decision

Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.

Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.

Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.

This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.

Discuss a sourcing opportunity with CCC

Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.

Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.

Sources

  1. Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
  2. World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
  3. Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
  4. United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
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Carbon Footprint

How to buy plastic credits, and what to check before you do

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A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.

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Carbon Footprint

EU carbon credit claims after 27 September 2026

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EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.

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