NEW DELHI, Dec. 18 -- Backed by the founders of Greenko, AM Green has signed a memorandum of understanding (MoU) with Japan's Mitsui & Co for strategic collaboration on energy transition initiatives and potential investment pathways in low-carbon aluminium, the company said in a statement on Thursday.

"Under the MoU with Mitsui, the parties will assess potential investment in the AM Green Metals value chain. Mitsui's investment will support equity requirements to build the world's first integrated green aluminium production platform," the statement said.

The partnership is part of AM Green's $20 billion capex strategy, under which it is converting electrons into metals and molecules. The proposed investment amount was not specified.

AM...