{"id":84161,"date":"2024-05-14T00:00:00","date_gmt":"2024-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/14\/yara-to-buy-green-ammonia-from-greenko-zeroc\/"},"modified":"2024-05-14T00:00:00","modified_gmt":"2024-05-14T00:00:00","slug":"yara-to-buy-green-ammonia-from-greenko-zeroc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/14\/yara-to-buy-green-ammonia-from-greenko-zeroc\/","title":{"rendered":"Yara to buy green ammonia from Greenko ZeroC"},"content":{"rendered":"

Yara <\/strong>lines up another ammonia agreement:<\/strong> Norway's fertilizer manufacturer Yara Clean Ammonia has signed a term sheet with AM Green's green ammonia production division Greenko ZeroC<\/a> for the supply of green ammonia from India, according to a statement<\/a>. The agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green's facility in Kakinada, which will produce and export renewable ammonia by 2027. The ammonia will be compliant with EU RFNBO and Renewable Energy Directive requirements, according to the statement.<\/p>\n

Yara is also buying from the region: <\/strong>The company signed an agreement in March with Green Hydrogen and Chemicals Company (GHC) \u2014 a subsidiary of Indian renewable energy company Acme Cleantech \u2014 to buy 100k tons of green ammonia<\/a> annually from its Oman plant.<\/p>\n

\n

Equinor urged by investors to meet climate goals: <\/strong>Norwegian energy giant Equinor is being pressed by two of its top ten investors \u2014 Luxembourg-based Storebrand Asset Management<\/a> and Norwegian Pension Company KLP<\/a> \u2014 to align its strategy with global climate goals outlined in the Paris Agreement, Reuters<\/a> reports. UK-based global investment manager Sarasin & Partners is leading the charge against Equinor, which calls for the company to reveal details on how it plans to adhere to climate goals when developing new gas and oil reserves. Equinor came under fire<\/a> last year after the firm won development rights for the largest untapped oil drilling project which would generate CO2 emissions equivalent to 56 coal-fired power stations for a year. The company is expected to reach a decision today at its general meeting. <\/p>\n

More investors are pushing for revised climate plans:<\/strong> Australia\u2019s largest oil and gas company Woodside Energy faced pushback<\/a> from investors on its climate plan last month. Industry giant Shell also urged shareholders to vote<\/a> against an independent resolution, co-filed by 27 investors, calling for the energy company to set stricter climate targets in April.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green's facility.<\/p>\n","protected":false},"author":1,"featured_media":84162,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,11,241],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseclimate","tag-green-ammonia","wpautop","entry"],"acf":{"mongo_id":"6444e449-c39e-4c26-b269-ee0e267f8ac8","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/928.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Yara to buy green ammonia from Greenko ZeroC","related_issue":[84147],"teaser":"The agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green's facility.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.078d805f-e3a8-440b-b1ae-d6722794a791.mp3"},"yoast_head":"\nYara to buy green ammonia from Greenko ZeroC - 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