Japanese-based ITOCHU is reported to be nearing an agreement with Hive Hydrogen South Africa, a unit of Hive Energy Ltd., for the purchase of green ammonia from the Hive facility located in the port of Coega, South Africa.
ITOCHU and Hive Hydrogen previously signed a Memorandum of Cooperation to work together on green hydrogen and ammonia development, production, operation, marketing, offtake, and distribution.
The planned facility is expected to cost $5.9 billion and utilize South Africa’s abundant renewable resources and good harbors. The green ammonia produced will be exported to the Far East, Europe, and the US, according to Hive Energy’s website.
Hive Energy South Africa is backed by UK-based Hive Energy and Built Africa. Hive Energy has been involved in the development, construction, and operation of several large-scale renewable energy projects, including a 1,200 mt/d green hydrogen and ammonia production plant in Spain, which is being developed with thyssenkrupp Udhe’s engineering services (GM Oct. 13, 2023).