AM Green has entered into a Memorandum of Understanding (MoU) with Mitsui & Co, Ltd to evaluate potential areas of strategic cooperation. The discussions will focus on opportunities linked to the global energy transition, including possible investments across the low-carbon aluminium value chain.
Through its wholly owned subsidiary, AM Green Aluminium Metals and Materials (AM Green Metals), the company is developing a primary aluminium smelter with a capacity of 1 million tonnes per annum (MTPA), along with alumina refining and mining facilities totaling 2 MTPA. In November 2025, AM Green signed an MoU with the Government of Andhra Pradesh to establish a 1 MTPA green aluminium complex in the state.
Both the aluminium smelter and the alumina refinery are planned to operate on renewable energy sourced from wind and solar, supported by pumped hydro storage. In May 2025, Coal India signed an MoU to supply 4.5 GW of renewable power to AM Green for its various business verticals, including AM Green Metals.
Under the agreement with Mitsui, both parties will evaluate potential investments across AM Green Metals’ operations. Any participation by Mitsui would support the equity requirements for developing what is envisioned as the world’s first fully integrated green aluminium production platform. In parallel, AM Green and Mitsui will examine several commercial and strategic opportunities, including long-term offtake arrangements for low-carbon aluminium and the supply of auxiliary materials required for aluminium smelting and alumina refining.
Commenting on the development, Mahesh Kolli, Founder of Greenko Group and AM Green, said that AM Green is creating globally competitive platforms across molecules and materials to support large-scale industrial decarbonisation. He added that collaboration with Mitsui could help accelerate the adoption of low-carbon aluminium while expanding market access for green products.
Founded by Anil Chalamalasetty and Mahesh Kolli, AM Green serves as a dedicated energy transition and decarbonisation platform. The company holds stakes in Greenko’s Power2X businesses—covering green ammonia, green hydrogen, green metals and aluminium, and green chemicals—as well as Bio2X businesses such as second-generation ethanol, sustainable aviation fuel, dissolving pulp, and lignin.
Greenko currently operates more than 12 GW of renewable energy capacity across solar, wind, and hydro, and is developing 100 GWh of pumped hydro storage capacity across India by 2030. AM Green aims to commission 5 MTPA of green ammonia capacity by 2030, with 1 MTPA already under construction, alongside plans to build 1 MTPA of green aluminium capacity.
Mitsui & Co is a global trading and investment group operating in over 60 countries, with business interests spanning a wide range of industries. The company works closely with a global network of partners to develop and scale businesses that deliver long-term, sustainable value.
