RWE and Hyphen Hydrogen Energy (Hyphen) have signed a memorandum of understanding that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia.
International project developers and private equity firms have pledged to invest USD 32 billion in green hydrogen and ammonia projects in Egypt’s Suez Canal Economic Zone (SCZONE). This follows on from USD 10 billion pledged in May.
In an effort to further renewable energy development SCzone, Egypt’s sovereign wealth fund, has signed a deal to implement the production of 300,000 tons of green ammonia.
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