Energy group AM Green has signed a memorandum of understanding with Mitsui & Co., Ltd. to explore a strategic partnership in the low-carbon aluminium value chain. The agreement aims to establish an integrated green aluminium production platform in India, backed by joint investments and commercial commitments. The project would be the first of its kind to combine refining and production capacities powered entirely by renewable energy.
The initiative will be led by AM Green Aluminium Metals and Materials, a wholly owned subsidiary of AM Green. It involves the construction of a primary aluminium production site with a capacity of one million tonnes per year, as well as a refining and mining facility capable of processing two million tonnes per year. The infrastructure will be located in the Indian state of Andhra Pradesh, where a separate agreement was signed in November with local authorities.
Platform supported by renewable energy
The industrial site will be powered exclusively by a mix of wind and solar energy, backed by pumped hydro storage systems. This energy infrastructure is partially secured by an agreement signed in May between AM Green and Coal India, providing 4.5 GW of renewable capacity to several entities within the group.
The memorandum signed with Mitsui also paves the way for direct investment in AM Green Metals, covering equity requirements for the platform’s development. The two parties are also considering broader commercial collaboration, including the offtake of low-carbon aluminium and the supply of auxiliary materials needed for industrial processes.
Project linked to AM Green’s Power2X and Bio2X strategy
AM Green’s founders, Anil Chalamalasetty and Mahesh Kolli, have structured the group as an energy transition platform focused on large-scale decarbonisation. AM Green is also involved in green ammonia production, renewable hydrogen and advanced biofuels through its Power2X and Bio2X divisions.
The group targets a production capacity of five million tonnes of green ammonia by 2030, with one fifth already under construction. This ambition represents 20% of India’s national green hydrogen target and 10% of Europe’s import objective.
Mitsui & Co., present in over 60 countries, brings cross-sectoral expertise and the ability to structure global-scale industrial projects. The Japanese conglomerate sees the partnership as a means to generate long-term value in the low-carbon materials sector.
