Hyphen Hydrogen Energy is considering driving forward a green hydrogen project in Namibia.
The company has already inked a memorandum of understanding (MoU) with Itochu Corporation for the same. The duo aims to explore areas for potential collaboration on the multi-billion-dollar project.
As per the companies, the final deal was signed by Shinya Ishizuka, Itochu’s CEO of Africa Bloc and Marco Raffinetti, Hyphen’s CEO.
It has been informed that Hyphen’s project is being developed as the first step for the development of a large-scale green hydrogen industry in various regions in Namibia.
The project is likely to produce two million tonnes of green ammonia annually by 2029 for regional and global markets, from 7GW of renewable generation capacity and 3GW of electrolyser capacity, the company stated.
Raffinetti was quoted in a statement, “Hyphen expects Japan to emerge as one of the key demand centres for green ammonia globally and we are delighted to have the opportunity to explore areas for collaboration with Itochu to unlock supply into this critical market.”
He further stated, “I firmly believe that Namibia has the potential to become a long-term strategic partner to Japan for the supply of green hydrogen, well beyond the scale of Hyphen’s project, given Namibia’s unique competitive advantages in green hydrogen production.”
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