KEPPEL CORP.

To set up 5 MTPA green ammonia facilities; aims to be among lowest-cost producers of green H2, molecules etc. Once concluded this will be the largest FDI in green molecules space in the country till date.

Alta Capital has acquired Goldman Sachs' and Warburg Pincus' stake in India's largest student housing platform, Good Host Spaces, for $320 million. Alta Capital has previously invested in India's largest managed office spaces operator, Table Space, and Pragati Warehousing. Good Host Spaces, which partners with universities to provide specialized accommodation services to students, has an operational portfolio of around 25,000 beds across five cities and is in talks to add more.

Goldman Sachs holds around 70% in the company that owns and operates third-party purpose-built, on-campus student housing assets across key universities including Manipal University, O P Jindal Global University and Shoolini University.

The new platform is planning to produce 4-5 MTPA of green ammonia, green methanol and electrolysers at Kakinada in Andhra Pradesh, incurring a capital expenditure of $10 billion.

Instead of focusing on degrowth, China and India are prioritizing technology to enable people to aspire to a more prosperous life next year and beyond without destroying the planet. Pumped-storage hydropower and the chemistry of ammonia are the top contenders to rewire production, trade, and consumption without a decline in living standards in developing nations, while green hydrogen could lessen the outsize role of oil and gas in geopolitics.

The two firms on Tuesday inked a Memorandum of Understanding (MoU) and Heads of Terms agreement for exclusive negotiations to supply 250,000 tonnes per annum of green ammonia to Uniper. Although not specified, sources in the know said the offtake agreement is for 8-10 years, starting 2025.