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Green Aluminium Breakthrough: AM Green and Mitsui Forge Historic Clean Energy Pact

AM Green and Japanese giant Mitsui have teamed up to explore a major partnership in green aluminium. Their plan involves building a massive, fully integrated production facility powered entirely by clean energy. This includes a huge smelter and refinery that will run on wind, solar, and stored hydro power. The collaboration could accelerate the availability of low-carbon aluminium for global markets.

Key Points: AM Green Mitsui MoU for Green Aluminium and Low-Carbon Investment

  • MoU aims to create the world's first integrated green aluminium production platform
  • AM Green's project includes a 1 MTPA smelter and 2 MTPA alumina refinery
  • Entire operation to be powered by wind, solar, and pumped hydro storage
  • Partnership will explore investment, supply, and market access for green metals
2 min read

AM Green and Mitsui sign MoU to explore green aluminium opportunities

AM Green and Mitsui sign MoU to explore building the world's first integrated green aluminium platform, powered by renewable energy.

"We are pleased to partner with Mitsui to explore collaboration pathways that can accelerate low-carbon aluminium. - Mahesh Kolli, Founder of Greenko Group and AM Green"

Hyderabad, December 18

AM Green and Mitsui & Co. Ltd. (Mitsui) have signed a Memorandum of Understanding (MoU) to explore a strategic partnership. According to a press release, the two companies plan to look into energy transition projects and potential ways to invest in low-carbon aluminium.

AM Green is working through its subsidiary, AM Green Aluminium Metals and Materials, to build a large production network. This includes a primary aluminium smelter capable of producing 1 million tonnes per annum (MTPA). The project also involves mining operations and a refinery that can produce 2 million tonnes of alumina annually.

The energy for these plants will come from clean sources. Both the aluminium smelter and the alumina refinery will use wind and solar power. To ensure the power supply is steady, the company will use pumped hydro storage. Earlier this year, Coal India agreed to provide 4.5 gigawatts of renewable power to support the various business units of AM Green.

Under the new agreement, Mitsui and AM Green will study investment opportunities within the green metal value chain. An investment from Mitsui would provide the money needed to build the first integrated green aluminium production platform in the world. The companies also want to discuss buying and selling low-carbon aluminium and supplying the materials needed for the refinery and smelter.

Mahesh Kolli, Founder of Greenko Group and AM Green, said, "AM Green is building globally competitive platforms across molecules and materials to enable industrial decarbonization at scale. We are pleased to partner with Mitsui to explore collaboration pathways that can accelerate low-carbon aluminium and expand market access for a wider set of green products."

The founders of Greenko, Anil Chalamalasetty and Mahesh Kolli, created AM Green as a platform for energy transition. The company has interests in green ammonia, hydrogen, and chemicals. It also works on green fuels like ethanol and sustainable aviation fuel.

Greenko currently manages more than 12 gigawatts of renewable energy capacity. It plans to build 100 gigawatt-hours of storage capacity by the year 2030. AM Green aims to produce 5 million tonnes of green ammonia every year by the end of the decade. The company is also focused on reaching its target of 1 million tonnes of green aluminium capacity.

- ANI

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Reader Comments

P
Priya S
Great initiative, but I hope they involve the local communities near the mining and refinery sites. Often these large projects displace people without proper rehabilitation. Green transition should be just and inclusive for everyone.
M
Michael C
As someone in the manufacturing sector, low-carbon aluminium is becoming a key requirement from global clients. If AM Green can deliver at scale and competitive prices, it will be a game-changer for Indian exports. The partnership with Mitsui adds serious credibility.
S
Siddharth J
Pumped hydro storage for a steady power supply is a smart move. Solar and wind are great, but their intermittent nature is a challenge for energy-intensive industries like aluminium smelting. This shows proper planning. Hope other companies follow this model.
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Nisha Z
The scale is impressive - 1 million tonnes of aluminium, 5 million tonnes of green ammonia... These are massive numbers. My only question is about the timeline. "By the end of the decade" is 2030. Can they really achieve this? We've seen many ambitious announcements get delayed.
R
Rohit P
Good to see Indian companies like Greenko and AM Green thinking big. From 12 GW to 100 GWh of storage by 2030 is a huge leap. This kind of infrastructure will benefit the entire power grid, not just their plants. More power to them! 💪

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