Hyphen CEO Raffinetti said the company aimed to provide a “first supply of ammonia from our project into Europe by early 2028”. It aims to reach 2mn tpy of ammonia by 2029.
Namibia has been unable to close its deal with Hyphen Hydrogen by the launch of the COP27, in Egypt, but there have been other successes in the field.
Namibia will receive N$100 million ($6.3mn) in concession fees from its preferred hydrogen bidder this year, President Hage Geingob has said.
Reconnaissance Energy Africa continues to come under fire from various sources, including short sellers, but it has received public affirmation for its plans from local government in Namibia.
Namibian President Hage Geingob has acknowledged Reconnaissance Energy Africa’s find in the Kavango Basin.