AM Green, VOC Port plan ₹22,000 crore green ammonia hub in Tuticorin

AM Green and V O Chidambaranar Port Authority have signed a memorandum of understanding to develop a green ammonia production and bunkering hub at Tuticorin port in Tamil Nadu. Investments could exceed ₹22,000 crore across production and bunkering infrastructure, the company said in a statement.

The MoU, signed on May 28, targets up to 2,00,000 tonnes per annum of green ammonia bunkering capacity at the port by 2029-30. That phase carries an estimated investment of ₹2,000 crore. The partners see potential to expand bunkering capacity to 500,000 tonnes annually by 2035, with total investments of about ₹5,000 crore, subject to demand for low-carbon marine fuels.

The bunkering hub supports AM Green's proposed 1 million tonnes per annum green ammonia production facility near the port, a project expected to attract investments of about ₹15,000 crore. The company said the project would also spur around ₹35,000 crore of investment in renewable power generation required to support the facility.

The partnership aims to position Tuticorin as a hub for green maritime fuels as global shipping companies prepare for stricter emissions regulations and look for alternatives to conventional bunker fuels.