Hyphen Hydrogen Energy, Windhoek, Namibia, on Oct. 25 announced that it has partnered with the Development Bank of South Africa (DBSA) for a funding facility to be used to advance Hyphen’s $10 billion green ammonia project in Namibia.
Hyphen said the facility will go towards the partial funding of engineering, environmental, and socio-economic development workstreams on the process of developing the project up to the final investment decision. At full-scale development, which is anticipated before the end of this decade, the project is expected to produce 2 million mt/y of green ammonia for regional and global markets.
Hyphen, a joint venture between Nicholas Holdings Ltd. and ENERTRAG SE, was appointed the preferred bidder by the Namibian government to develop the project for the export market.
Hyphen has already signed nonbinding green ammonia offtake agreements for 1 million mt/y. Offtakers include German multinational utility company RWE Supply and Trading (GM Dec. 9, 2022), South Korean hydrogen producer Approtium (GM Feb. 3, p 30), as well as a major unidentified chemical company.
Hyphen has signed a partnership agreement with ILF Consulting Engineers, which will provide project management services and technical expertise, as well as procurement and contract advice. It will also provide implementation expertise in support of Hyphen’s socioeconomic development goals.