Economy
ADB, Japan to Fund India's Largest Green Ammonia Plant
The Hindu2h
THE BRIEF
1
The Asian Development Bank (ADB) and Japan will finance AM Green Ammonia's project to build one of the world's largest renewable-powered green ammonia plants in India.
2
The investment includes a $100 million loan from the Asia's Private Infrastructure Fund 2, financed by JICA and administered by ADB.
3
The project will convert a natural gas-fueled plant to renewable energy, producing about 1.1 million tonnes of green ammonia annually.