Namibia, 02 February 2023
Hyphen Hydrogen Energy (Hyphen) has signed non-binding Memorandums of Understanding (MoUs) with two major industrial companies with the aim of Hyphen providing them with up to 750,000 tonnes of green ammonia annually.
The agreements with a major chemical company and Approtium, a South Korean hydrogen producer, are targeting offtake of up to 500,000 tonnes and 250,000 tonnes a year respectively.
The agreements follow Hyphen’s recently signed MoU with RWE Supply and Trading (RWEST), the German multinational utility company for supply of up to 300,000 tonnes annually of green ammonia from 2027. Hyphen has now concluded MoUs for volumes exceeding one million tonnes of ammonia per annum.
Hyphen, a Namibian registered, green hydrogen development company, is targeting annual production of one million tonnes of green ammonia by 2027. The company plans to increase annual production to two million tonnes of green ammonia by 2029 for export to international markets, in addition to its commitments to supply and decarbonise energy domestically within Namibia and the southern Africa region.
Marco Raffinetti, CEO of Hyphen Hydrogen Energy, said: “The conclusion of these agreements with leading players in the energy and industrial sectors marks another exciting step in Hyphen’s journey to export green hydrogen globally. Although Hyphen’s primary focus is the supply of hydrogen into 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. These partnerships with offtakers from various geographical regions firmly cement Namibia’s position as a key emerging player in the global green hydrogen industry.”
Notes to editors:
For more information contact FTI Consulting:
Karen Muperere: +44 (0)7866 005441, firstname.lastname@example.org
Christopher Laing: +44 (0)780 923 4126, email@example.com
HYPHEN Hydrogen Energy (Pty) Ltd (“Hyphen”) is a Namibian registered green hydrogen development company, specifically formed to develop green hydrogen projects in Namibia for international, regional and domestic supply. Hyphen comprises of two shareholder groups, ENERTRAG SE, the international renewable energy company and Nicholas Holding Limited, an investment and project development company.” The company successfully bid on and has been awarded preferred bidder status on ~4,000km2 of land within the Tsau //Khaeb National Park for the development of Namibia’s first fully vertically integrated GW scale green hydrogen project. The project is being developed as the first step in the implementation of the Government’s strategy for the development of a large scale green hydrogen industry in various regions in Namibia to support both economic growth in Namibia and assist the world in achieving its decarbonisation goals.
This US$10 billion project is planned to be developed in phases, at full development targeting 300,000 metric tons of Green Hydrogen production a year from 5-6GW of renewable generation capacity and 3GW electrolyser. The project, once fully developed, will employ an estimate 3,000 people, with 15,000 construction jobs supported over the four-year construction period, over 90% of which are expected to be filled by Namibians.
Approtium (formerly named ‘Deokyang’) is the largest independent hydrogen provider in Korea it was established 60 years ago in the Ulsan metropolitan city and was wholly acquired by Macquarie in December of 2021. Since the transition of ownership, Approtium has made significant investments to the facilities, process management, and to its people to improve its ability to provide hydrogen and liquid CO2 safely and reliably to its vast network of clients in the Korean market.