In Namibia, Hyphen Hydrogen Energy has signed a Memorandum of Understanding (MoU) with ITOCHU Corporation to explore areas for potential collaboration in the green hydrogen field.
Hyphen and ITOCHU, one of Japan’s largest general trading and investment companies, will now enter into talks on areas of potential collaboration on a multi-billion-dollar green hydrogen project in Namibia.
Marco Raffinetti, CEO of Hyphen, said: “Hyphen expects Japan to emerge as one of the key demand centers for green ammonia globally and we are delighted to have the opportunity to explore areas for collaboration with ITOCHU to unlock supply into this critical market. I firmly believe that Namibia has the potential to become a long-term strategic partner to Japan for the supply of green hydrogen, well beyond the scale of Hyphen’s project, given Namibia’s unique competitive advantages in green hydrogen production. Combined with the support of the Government of the Republic of Namibia that is progressively advancing the development of its green hydrogen economy.”
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