Uniper signs long-term offtake agreement on green ammonia with India's AM Green

FRANKFURT, Jan 12 (Reuters) - German state-owned utility Uniper UN0k.DE on Monday said it has signed a long-time binding agreement with India's AM Green to purchase up to 500,000 tons of green ammonia per year.

The first shipment is scheduled to take place as early as 2028, Uniper said.

"This agreement with AM Green is a key building block in our strategy to provide our customers with reliable access to renewable and low carbon molecules at scale," Uniper CEO Michael Lewis said.

Indian Prime Minister Narendra Modi welcomed the agreement at a news conference with German Chancellor Friedrich Merz on Monday.