AM Green and Mitsui & Co. Ltd. signed a Memorandum of Understanding (MoU) to explore strategic collaboration opportunities across the energy transition value chain. The partnership will focus on identifying broader decarbonisation pathways, with particular emphasis on potential investments in low-carbon aluminium. Through the MoU, both companies aim to combine their complementary strengths to accelerate the development of sustainable materials and expand global market access.
Building an Integrated Green Aluminium Platform
AM Green, through its wholly owned subsidiary AM Green Aluminium Metals and Materials (AM Green Metals), is developing a fully integrated green aluminium ecosystem. The company is building a 1 million tons per annum (MTPA) primary aluminium smelter along with 2 MTPA alumina refining and mining operations. Earlier, in November 2025, AM Green signed an MoU with the Government of Andhra Pradesh to establish a 1 MTPA green aluminium complex, reinforcing India’s ambition to lead in low-carbon industrial manufacturing.
Renewable Energy at the Core of Operations
To ensure a low-carbon footprint, AM Green will power both the aluminium smelter and alumina refinery entirely with renewable energy. Wind and solar power will be firmed through pumped hydro storage, ensuring round-the-clock clean energy supply. In support of this strategy, Coal India signed an MoU in May 2025 to supply 4.5 GW of renewable power to AM Green across its various verticals, including AM Green Metals.
Mitsui to Assess Investment and Offtake Opportunities
Under the MoU, AM Green and Mitsui will evaluate potential investment opportunities across the AM Green Metals value chain. Mitsui’s participation would support the equity needed to establish the world’s first fully integrated green aluminium production platform.
In parallel, the discussions will explore multiple commercial avenues, including:
*Offtake of low-carbon aluminium, with potential access to long-term offtake rights
*Supply of auxiliary materials required for the green aluminium smelter and alumina refinery
Leadership Perspective on the Partnership
Mahesh Kolli, Founder of Greenko Group and AM Green, said, “AM Green is building globally competitive platforms across molecules and materials to enable industrial decarbonisation at scale. We are pleased to partner with Mitsui to explore collaboration pathways that can accelerate low-carbon aluminium and expand market access for a wider set of green products.”
AM Green’s Broader Decarbonisation Vision
Founded by Anil Chalamalasetty and Mahesh Kolli, AM Green serves as a next-generation energy transition and decarbonisation platform. The company holds stakes in Greenko’s Power2X businesses—covering green ammonia, green hydrogen, green metals and green chemicals—as well as Bio2X ventures such as 2G ethanol, sustainable aviation fuel (SAF), dissolving pulp and lignin.
Greenko currently operates over 12 GW of renewable energy capacity across solar, wind and hydro. Looking ahead, it is developing 100 GWh of pumped hydro storage capacity by 2030 across India. AM Green has committed to producing 5 MTPA of green ammonia by 2030. This represents nearly one-fifth of India’s green hydrogen target and about 10% of Europe’s import requirement. In addition, the company plans to establish 1 MTPA of green aluminium capacity, reinforcing its leadership in low-carbon materials.
Mitsui’s Global Reach and Strategic Role
Mitsui & Co. is a global trading and investment company with operations in more than 60 countries. With a diversified portfolio spanning multiple industries, Mitsui partners with leading global companies to develop sustainable businesses and create long-term value. As per the press release, Mitsui aims to strengthen its presence in energy transition materials by engaging with AM Green. The collaboration will also support the global shift toward low-carbon industrial supply chains.
