Namibian registered green hydrogen conglomerate Hyphen Hydrogen Energy and that Namibian government are expected to ink a deal for the development of green hydrogen project in Namibia.
The quantum of the deal would be around $10 billion and the signing of the agreement may take place in May of this year. When the project is fully developed, it is expected to generate about 300,000 metric tonnes of green hydrogen every year.
Namibian President Hage Geingob had visited Lüderitz last week. This visit was a part of a series of consultative meetings that the government held with local and industry stakeholders on the prospects and development of the Green Hydrogen projects in the area.
It was reported in March this year, that this agreement between Hyphen Hydrogen Energy and that Namibian government would take place in the second quarter of this year.
Hyphen Hydrogen Energy
Hyphen had previously informed that it had successfully bid on and has been awarded preferred bidder status on 4,000 sqkm of land within the Tsau/Khaeb National Park for the development of Namibia’s first fully vertically integrated GW scale green hydrogen project.
The project is planned in different phases. It will employ an estimate 3,000 people, with 15,000 construction jobs supported over the four-year construction period.
Hyphen Hydrogen Energy had also signed two memorandums of understanding (MOUs) in February 2023 with a major chemical company and South Korean hydrogen producer Approtium for an offtake of up to 500,000 tonnes and 250,000 tonnes every year respectively.