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.
Good news for Hyphen Hydrogen Energy. The Windhoek, Namibia-based company has signed “non-binding memoranda of understanding” with two global groups for the delivery of green ammonia. These are Korea-based Approtium, owned by Australian financial group Macquarie, and an undisclosed second.
The two industry groups will buy 250,000 and 500,000 tonnes of green ammonia per year respectively. “Although Hyphen’s main focus is on supplying hydrogen to Europe, and Germany in particular, South Korea is expected to emerge as a key market in the green hydrogen sector, in which Approtium will be a major player,” says Marco Raffinetti, Hyphen’s chief executive officer.
Hyphen’s third order
The green ammonia will be produced in Namibia. Hyphen wants to invest 9.4 billion dollars in green hydrogen there. The first part of this investment, USD 4.4 billion, will be used to develop 2 000 MW of clean energy capacity. The electricity will be generated from solar and wind power plants in the Tsau/Khaeb national park on the coast in southwestern Namibia. 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.
Jean Marie Takouleu