Overview
- The memorandum outlines a study of potential Mitsui equity participation along with trading routes for low‑carbon aluminium and key inputs.
- AM Green’s plan under evaluation includes a 1 MTPA primary smelter and a 2 MTPA alumina refinery with associated mining operations.
- The proposed facilities would be powered by wind and solar backed by pumped‑hydro storage, leveraging a previously signed 4.5 GW renewable supply MoU with Coal India.
- No binding investment or construction timeline has been disclosed, with the agreement focused on feasibility, financing and market development.
- AM Green, launched by Greenko’s founders, is pursuing broader targets including 5 MTPA green ammonia and 1 MTPA green aluminium by 2030, plus a November MoU with Andhra Pradesh for the aluminium complex.