Mumbai: Petroliam Nasional Bhd, Singapore sovereign wealth fund GIC and the founders of Greenko Energy Holdings are investing $2 billion in AM Green, a platform that’s being established for green molecules, including green hydrogen, green ammonia and other chemicals.
Of this, $1.5-1.7 billion is likely to come from Malaysia’s state-owned energy company, said people aware of the development. AM Green is being set up by Greenko founders Anil Chalamalasetty and Mahesh Kolli. Once concluded, this will be the largest foreign direct investment till date in the rapidly growing sector as corporates and governments seek ways to decarbonise their energy and consumption footprint.
