Clean energy firm AM Green is planning a ₹10,000 crore investment to establish five bio-refineries across India and abroad by 2030. According to reports from Business Standard, each unit will have 250 KTPA capacity, requiring investment of over ₹2,000 crore per facility. The company, founded by Anil Chalamalasetty and Mahesh Kolli, the promoters of Greenko Group, had previously commissioned India's first bamboo-based bio-refinery in Assam in November 2025.
The Assam refinery, a ₹4,500 crore project inaugurated by Prime Minister Narendra Modi, is set to achieve 65 per cent capacity utilisation soon. As reported by Business Standard, the plant has taken at least 7-8 batches since last September and is well commissioned with products meeting specifications. The facility, under Assam Bio Ethanol Private Ltd (ABEPL) in joint venture with Numaligarh Refinery Ltd, produces 80,000 tonnes of low-carbon-intensity ethanol, 20,000 tonnes of green furfural, and around 8,000 tonnes of acetic acid from its 300 KTPA feedstock capacity.
For the Uttar Pradesh facility, AM Green is conducting rigorous testing of second-generation feedstock from the sugar industry with leading manufacturers. According to Business Standard, the company is optimistic about receiving requisite land soon for this project. For the Andhra Pradesh bio-refinery, the company is considering northern districts including Srikakulam, Vijayanagaram and Anakapalli, where it is scouting for land for both the plant and dedicated cultivation of energy crops. Madhya Pradesh is also on a high priority list for bio-refinery establishment, with energy crops as the primary feedstock for both Andhra Pradesh and Madhya Pradesh facilities.
The Assam bio-refinery provides the first commercial reference for the biofuel industry, leading to large-scale adoption. As reported by Business Standard, first-generation ethanol reduces gasoline's carbon footprint by 50 per cent, while second-generation ethanol produced by ABEPL brings down carbon intensity by 80 per cent. The company is targeting to bring the Assam plant into continuous operation at 65 per cent of nameplate capacity and ramp it up to 90 per cent by the next financial year. The broader template will enable production of bio-ethanol and related products with eventual capacity reaching 1 MTPA.
