India Green Ammonia Export Production Plant Development Feasibility Study with Clean Energy Market Outlook

Executive Viability Abstract

This feasibility study evaluates the establishment of a large-scale Green Ammonia production facility in India, specifically targeting the export markets of the EU, Japan, and South Korea. Leveraging India's low-cost solar/wind potential and the National Green Hydrogen Mission (SIGHT incentives), the project aims to produce 300,000 MT per annum. The analysis confirms high viability driven by the EU's Carbon Border Adjustment Mechanism (CBAM) and decreasing electrolyzer CAPEX.

## Executive Summary India is positioned to become a global leader in green ammonia due to its competitive renewable energy (RE) costs and strategic maritime location. This project focuses on an integrated plant using PEM electrolysis and Haber-Bosch synthesis. ## Market Analysis Global demand for green ammonia is projected to grow at a CAGR of 70% through 2030. Key drivers include the decarbonization of the global shipping fleet (as a fuel) and the fertilizer industry. India's strategic advantage lies in its ability to produce green hydrogen at $3-$4/kg today, with targets of $1.5/kg by 2030. ## Technical Feasibility The plant will require 1.2 GW of dedicated renewable energy capacity (Solar-Wind Hybrid) to maintain a high capacity utilization factor (CUF) for the electrolyzers. Port integration for liquid ammonia storage and cryogenic shipping is essential. ## Financial Projections Total CAPEX is estimated at $1.5 Billion. Revenue is modeled on a 15-year off-take agreement with European energy utilities. Government subsidies under the SIGHT program provide $0.60/kg of green hydrogen produced for the first three years, significantly boosting early-stage cash flows.