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Home News Hyphen and Koole Terminals sign green ammonia agreement

Hyphen and Koole Terminals sign green ammonia agreement

Hyphen Hydrogen Energy, a Namibian-registered green hydrogen development company, has signed a Letter of Intent (LOI) with Koole Terminals, an independent storage, processing, and logistics company.

The LOI covers the proposed importance of green ammonia into north-western Europe by Hyphen to supply its customers through the import terminal being developed by Koole Terminals, located in Rotterdam, the Netherlands.

In fact, Hyphen has signed Memorandums of Understanding (MoUs) with a number of potential European customers, targeting the supply of up to 750,000 tonnes of green ammonia annually.

According to Hyphen, the goal of the company is to annually produce one million tonnes of green ammonia to come on line by the end of 2027, expanding to two million tonnes of green ammonia by 2029.

Marco Raffinetti, CEO of Hyphen Hydrogen Energy, commented, "This agreement represents another key milestone in our ambition of enabling Namibia’s rise as a global leader in green hydrogen production."

He added, "The Port of Rotterdam is a critical hub servicing north-western Europe and has moved rapidly to support the establishment of new green hydrogen import capacity to facilitate this region’s energy transition, with import capacity and access to markets being a key constraint in the supply chain."

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