Green hydrogen development company Hyphen Hydrogen Energy has signed a Memorandum of Understanding (MoU) with import-export company Itochu Corporation to explore areas for potential collaboration on sub-Saharan Africa’s first fully vertically integrated green hydrogen project in Namibia.
The agreement was signed on 8 August by Hyphen Hydrogen Energy CEO, Marco Raffinetti, and CEO of the Africa Bloc at Itochu Corporation, Shinya Ishizuka.
The agreement aligns with the Namibian governments strategy to become a global green hydrogen production hub while offering the sub-Saharan African country a pathway towards carbon neutral energy development. Furthermore, the collaboration falls in line with Hyphen Hydrogen Energy’s aspiration to position Japan as a pivotal demand center for green ammonia.
Source: Africa News Agency