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ADB and Japan sign $100m financing agreement for AM Green Ammonia's Kakinada project
Kakinada, Andhra Pradesh15 Oct 2026
The Asian Development Bank (ADB) and the government of Japan signed financing agreements with AM Green Ammonia (India) Private Limited for its 1.1 million-tonne-per-year green ammonia project in Kakinada, Andhra Pradesh. ADB said the investment includes a $100 million loan from its Leading Asia’s Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency (JICA) and administered by ADB.
Why it matters
The financing supports conversion of an existing ammonia/urea plant to renewable-powered green ammonia production, enabling lower-emissions ammonia supply and export-linked industrial capacity.
AM Green Ammonia (India) Private LimitedAsian Development Bank (ADB)Government of JapanJapan International Cooperation Agency (JICA)