- The Hyphen Hydrogen Energy joint venture has announced the signing of memoranda of understanding with two global industrial groups for the delivery of 750,000 tonnes of green ammonia per year.
- This green hydrogen by-product will be produced in Namibia.
Hyphen Hydrogen Energy, a Namibia-based company has “non-binding memorandums of understanding” for the supply of green ammonia with two international organizations. These include an unnamed second and Korea-based Approtium, both of which are controlled by Australian financial institution Macquarie.
Each year, the two companies’ entities will purchase 250,000 and 500,000 tonnes of green ammonia, respectively.
Namibia will be the source of the green ammonia. There, Hyphen plans to invest $9.4 billion in green hydrogen. The initial $4.4 billion of this investment will be used to create a capacity of 2000 MW for renewable energy. In the Tsau/Khaeb national park on the coast in southwest Namibia, solar and wind power plants will be used to produce the electricity. The joint venture between German energy company Enertrag and investor Nicholas Holdings then aims to increase its electrolysis capacity to 5 000 MW by 2030.
Through these investments, Hyphen aims to produce one million tonnes of green ammonia per year by 2027 and plans to increase this capacity to 2 million tonnes by 2029. This green hydrogen product will be destined for the international market. Its production in Namibia is supported by the European Union (EU) through its financial arm, the European Investment Bank (EIB), which entered into a partnership with Windhoek on the sidelines of the 27th United Nations Conference of the Parties on Climate Change (COP27) in Egypt.
In addition to the two industrial groups announced a few days ago, Hyphen has also secured an order from RWE Supply and Trading (RWEST). The German multinational utility company is expected to purchase 300,000 tonnes of green ammonia per year from 2027, bringing Hyphen’s orders to 1.5 million tonnes of green ammonia per year over the next few years.