Greem Ammonia Business Model Rev 1 - 1 - 2022 - Jan

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The key takeaways are that green ammonia production from renewable energy can help reduce imports of fossil fuels like oil and natural gas into India while being carbon negative. Distributed production near existing fertilizer plants can also reduce transportation costs.

Some of the advantages of distributed green ammonia production in India mentioned are using hybrid solar and wind power with storage to provide low cost and reliable power, obtaining raw materials like nitrogen from air separation and hydrogen from renewable sources within the country to avoid imports, and producing green ammonia at a price lower than imported ammonia.

Some of the engineering packages and partners being considered are DFR/PMCs like PDIL and Black & Veatch for the ammonia synthesis reactors, air separation units from Linde, Air Products and Air Liquide, electrolyzers from Siemens and Thyssenkrupp, and renewable energy development from local solar and wind partners.

Green Ammonia

Fast Adoption of Green Hydrogen as Fuel/Raw Material

Mission De-carbonization –’Net Zero’

Techno-Commercial Evaluation & Business Execution Plan

Prashant Deshmane
Jan 2022

Proprietary & Confidential


Process Overview & Value Chain Proposition

• Smart Plant – Fully automatic operation

• Superior Equipment – ASME, TEMA standards


Feasibility Green Ammonia (India) : Distributed
Drivers for Reducing Imports of Oil&NG Market Developments
• Hybrid Solar + Wind Renewable Power with ACME Solar
storage: Fuel – Low cost Power & Water (100% – 2400 TPD1 Green NH3 plant at Oman Duqm Port (SEZ)
Availability) from Commercial Scale – 3.0 GW Solar + 0.5 MW Wind -
$3.5 Bn USD (Black & Veatch – Owner’s Engineer)
• No Imports : Raw Material N2 – from Air
-5 tpd Pilot (R&D) 2 Green NH3 Plant India – Bikaner,
Separation, Green H2 – PEM from renewables Rajasthan, India - 5 MW Solar scalable to 10 MW - (Target
COD 2022)
• Zero CO2 or Carbon negative (Offset Fossil)
Greenko 50:50 JV with Belgium John Cockerill Group 4
• Green NH3 – Price lower than Imported – Export 1 MMTPA Green Ammonia

Economic Drivers – Target Points


• Power LOCE – 4.5 Rs/kWh ( 6 – 7 cents/kWh) – Hybrid Renewable Solar + Wind + Battery/Pump Storage, Grid
Back up - Option

• Electroyzer H2: 750 – 800 $/kW

• Target H2 landed - 2.25 – 2.50 $/kg (Before 2025)

• India Landed Ammonia Cost – Target Less than Import Cost (220 – 250 $/ton) 3

• Distributed Generation near to existing Fertilizer plants – No transportation cost


References & Notes:
1. https://www.acme.in/green_hydrogen
2. https://acme-solar-inks-land-agreement-to-set-up-green-ammonia-plant-in-oman-11629733429970.html
3. https://www.fao.org/fileadmin/templates/AMIS/images/Market_Monitor/fertilizer_prices.pdf
4. https://
economictimes.indiatimes.com/industry/renewables/greenko-arm-john-cockerill-ink-pact-for-electrolyser-unit/articleshow/88 Proprietary & Confidential
155192.cms
Project Structure - Engineering Packages, Licensors, EPCs
Major Engineering Packages Elecytrolyzer …tie up with Global Players
• DFR/PMCs – PDIL, Black & Veatch • Reliance New Energy Solar Ltd (RNESL):
- Tech Tie up Denmark based Stiesdal A/S
- Local manufacturing EPC Sterling & Wilson
• Ammonia Synthesis (Reactor) – KBR,
Technimont, HTAS Green NH3 - Technology - Small Scale (e.g.
thyssenKrup- Udhe)
• ASU – Linde, Air Products, Air Liquide Scale Range 50 tpd/20 MW Scale up to
300 mtpd/120MW
Specific Fuel 0.40
• Electrolyzers (H2 Production) – MW/TPD of NH3
Siemens, Silyzer 300 (PEM),
Thyssenkrup (AWE) Ammonia >50% of total H2 demand

• Renewable Energy – Local PV Solar +


Wind farm, Battery/Pump Storage

• BOP – Cryogenic Storage Tanks,


Piping, Special trucks for transportation

Source: Hydrogen Council, 2020

Raw material In India & Domestic Consumption for India


Summary
• India imports 2 – 3 MMTPA ammonia – > 225$/ton CIF POI

• Near to offshore plant (Wind farm) preferred, existing import facility


of ammonia logistic handling – cryogenic storage tanks, specialized
trucks (BOP)

• Green NH3 below import price feasible – min 100 (break –even) to 200
tpd with power hybrid 45 - 50% availability renewable plant , approx.
min 80 MW wind +solar

• Power Block - 5.4 cr /MW Wind, 4.5 Cr /MW Solar = min 80 MW ,


Capex approx. 400

• Green Hydrogen and then NH3 Synthesis, BOP – In-House Research,


validation by established PMCs in this segment

Proprietary & Confidential


Latest market news – Jan 2022
• Thyssenkrupp -funding from the German government - to expand its
annual electrolyser output from 1GW to 5GW
• UK-based ITM Power - Double output from 1GW to 2GW in the
coming years
• European Union’s hydrogen strategy - at least 40GW of renewable
hydrogen electrolysers by 2030, requiring between 80 – 120GW of
solar and wind capacity to be connected to provide the necessary
electricity.
• HyDeal Ambition initiative – Green hydrogen across Europe at
€1.5/kg (US$1.82) before 2030

References & Notes:


1. https://www.pv-tech.org/green-hydrogen-sector-set-to-benefit-from-upcoming-electrolyser-manufacturing-ramp-up/

Proprietary & Confidential

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