Hyphen Hydrogen Signs 750,000-Ton Offtake Agreements

Connect with us:

hydrogen. bigstock

Namibian-based green hydrogen firm Hyphen Hydrogen Energy signed two non-binding memoranda of understanding (MoUs) with South Korean-based industrial company Approtium and another undisclosed major industrial player for the supply of 500,000 and 250,000 tons of ammonia per year, respectively, from its Namibian green hydrogen development. The recent MoU’s follow Hyphen Hydrogen and German utility, RWE Supply and Trading signing a deal for the supply of 300,000 tons of ammonia per year, bringing the total offtake agreements to over one million tons per annum.

Speaking to the significance of these agreements, Hyphen Hydrogen CEO, Marco Raffinetti stated that, “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.”

With Hyphen Hydrogen targeting the production of one million tons of green ammonia per year by 2027, and plans to increase this figure two-fold by 2029, the signed MoU’s represent a critical step towards positioning Namibia as a global green hydrogen producer and exporter.

“These partnerships with offtakers from various geographical regions firmly cement Namibia’s position as a key emerging player in the global green hydrogen industry,” Raffinetti said.

Other Reads

Other Reads

Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.

More from the Author

Sign up for latest news and event info

Copyright © 2023 Energy Capital & Power. Privacy Policy · Terms of Use