Hyderabad, India | 18 December 2025 : AM Green has signed a Memorandum of Understanding (MoU) with Japan’s Mitsui & Co. Ltd. to explore strategic collaboration and investment opportunities across low-carbon aluminium, marking another step in India’s push to industrial decarbonisation.
Under the MoU, the two companies will assess potential investments across AM Green’s aluminium value chain, including equity participation in what is being positioned as the world’s first fully integrated green aluminium production platform.
AM Green, through its wholly owned subsidiary AM Green Aluminium Metals and Materials (AM Green Metals), is developing a 1 million tonnes per annum (MTPA) primary aluminium smelter alongside 2 MTPA of alumina refining and mining operations. In November 2025, the company signed an MoU with the Andhra Pradesh government to establish a 1 MTPA green aluminium complex in the state.
The aluminium smelter and alumina refinery will run entirely on renewable energy, combining wind and solar power firmed up by pumped hydro storage. Earlier this year, Coal India signed an MoU to supply 4.5 GW of renewable power to AM Green for its various verticals, including AM Green Metals.
AM Green, Mitsui team up to explore world’s first integrated green aluminium platform
“The aluminium industry is one of the hardest sectors to decarbonise, and that’s exactly where AM Green is focusing,” said Mahesh Kolli, Founder of Greenko Group and AM Green. “We are 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.”
As part of the discussions, both the companies will explore a range of commercial and strategic opportunities, including offtake arrangements for low-carbon aluminium, potential access to offtake rights, and the supply of auxiliary materials for the green aluminium smelter and alumina refinery.
Mitsui’s potential investment is expected to support the equity requirements for the aluminium platform, strengthening AM Green’s ambition to establish a globally competitive green metals supply chain.
AM Green was founded by Anil Chalamalasetty and Mahesh Kolli, the promoters of Greenko Group, as a dedicated energy transition and decarbonisation platform. The company holds stakes in Greenko’s Power2X businesses, including 5 MTPA of green ammonia, green hydrogen, green metals and aluminium, and green chemicals—as well as Bio2X businesses such as 2G ethanol, sustainable aviation fuel (SAF), 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 across India by 2030. AM Green has committed to producing 5 MTPA of green ammonia by 2030, with 1 MTPA already under construction, representing about 20% of India’s green hydrogen production target and 10% of Europe’s import requirement. The company has also committed to building 1 MTPA of green aluminium capacity.
Mitsui & Co., a global trading and investment company with operations in over 60 countries, brings a diversified portfolio spanning energy, metals, chemicals and infrastructure. The company works closely with global partners to develop long-term, sustainable businesses across regions and industries.
