Hyphen Hydrogen Energy has signed non-binding memorandums of understanding (MoUs) with two major industrial companies for the supply of up to 750 000 t/y of green ammonia.
The company announced early this month.
The agreements are with a major chemical company and Approtium, a South Korean hydrogen producer, and entail offtake of up to 500 000 t/y and 250 000 t/y, respectively.
The agreements follow Hyphen’s recent signing of an MoU with RWE Supply and Trading (RWEST), a German multinational utility company, for supply of up to 300 000 t/y of green ammonia from 2027.
Hyphen has now concluded MoUs for volumes exceeding one-million tonnes of ammonia a year.
Hyphen is targeting initial production of one-million tonnes of green ammonia a year by 2027.
The company aims to produce 1 million mt/year of ammonia by 2027 from green hydrogen supplied by 3 GW of electrolysis and backed by 5-6 GW of renewables, rising to 2 million mt/year by 2029 for export to international markets, Hyphen aims to produce 1 million mt/year of ammonia by 2027 from green hydrogen supplied by 3 GW of electrolysis and backed by 5-6 GW of renewables, rising to 2 million mt/year by 2029 for export to international markets, as well as supplying Namibia and southern Africa.
“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,” avers Hyphen CEO Marco Raffinetti.
RWE is planning an ammonia terminal in Brunsbuettel, Germany, to start operations by 2026.
The EU is targeting 10 million mt/year of renewable hydrogen imports and its derivatives such as ammonia by 2030, in addition to 10 million mt/year of domestic production.
Germany has a renewable hydrogen production target of 10 GW by 2030.
The deadline for a first green ammonia tender under Germany’s H2Global import scheme comes on February 7, with first deliveries from 2024.