Last October 24^th, the Latvian company PurpleGreen, developing a green ammonia plant project within the Freeport of Ventspils, and the German energy trading company S.E.T. Selected Energy GmbH, signed a memorandum of understanding, for the sale of 550 thousand tonnes of green ammonia per year for twenty years. The investment planned for establishing the plant could exceed €1.3 billion.

PurpleGreen is a brand that unites a group of locally owned companies specializing in developing and implementing renewable energy projects. The group’s companies are involved in solar and wind park projects and developing innovative production plants for green hydrogen end products – such as green ammonia, methanol, and Sustainable Aviation Fuel (SAF).

Green ammonia will comply with Renewable Fuels of Non-Biological Origin (RFNBO) standards, and production is planned to start in January 2029. Renewable energy will be used for green ammonia production, making this good news for renewable energy project developers in Latvia as well. Under the memorandum, SET commits to purchasing and marketing green ammonia and providing logistics, risk management, and other associated services.

This memorandum confirms that green ammonia production has significant potential and represents a future-oriented energy resource product. Demand is already present and expected to grow in the coming years. Operating a plant on this scale will not only promote Latvia’s economic development but also strengthen the country’s position in the global market as a sustainable energy exporter.