Site items in: Finance

First step in establishing Namibia’s renewable hydrogen and ammonia industry
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In our October episode of Project Features, Hyphen Hydrogen Energy outlined its multi-phase, mega-scale renewable ammonia project set to be the first step in Namibia’s green industrialization pathway. Learn about current timelines and future expansion scope for the 2 million tons per year project, and how the physical infrastructure footprint has been carefully minimized to allow for its siting in the Tsau Khaeb national park.

Uzbekistan renewable pilot progresses
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LONGi Hydrogen announced the delivery of four alkaline electrolyser units to ACWA Power’s 20 MW, renewable ammonia pilot project in Uzbekistan. To help finance the project, the European Bank for Reconstruction and Development committed to a $65 million assistance package in August.

Australia, Germany launch joint H2Global auction
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The governments of Australia and Germany have agreed to establish a bilateral H2Global tender, contributing €200 million each to a joint auction. The process will be similar to a recently-concluded pilot auction for long-term ammonia exports from Egypt to Rotterdam, and a just-launched Canadian scheme.

Spanish government launches support scheme for hydrogen valleys
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Spain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has outlined a new subsidy program to help establish valleys or clusters for renewable hydrogen production. €1.2 billion in direct capital investment assistance will be allocated across a minimum of three projects, with an auction process to launch later this year.

bp takes FID on Castellón, to acquire key stake in Oman mega-project
Article

In its quarterly earnings call last month, bp unveiled progress in a number of key renewable hydrogen and ammonia projects. To help decarbonise its existing refinery in Castellón, Spain, a bp and Iberdrola-led consortium has taken FID on the HyVal project. bp also revealed that it will take an equity share and act as operator for the HYPORT Duqm project: a GW-scale ammonia export project being developed in southern Oman.