News Flash
- Hyphen Hydrogen Energy (Hyphen) has signed a Memorandum of Understanding (MoU) with Japan’s ITOCHU Corporation (ITOCHU) to explore areas for potential collaboration between them to drive forward sub-Saharan Africa’s largest, and only, fully vertically-integrated green hydrogen project, in Namibia.
Hyphen and ITOCHU, one of Japan’s largest general trading and investment companies, will now enter into talks on areas of potential collaboration on this landmark multi-billion-dollar green hydrogen project.
Shinya Ishizuka, CEO of Africa Bloc, ITOCHU said: “We are pleased that ITOCHU, a leading general trading and investment house in Japan, is contributing to a low-carbon society together with Hyphen. With this collaborative development of green ammonia in Namibia, ITOCHU will aim to create a wide range of ammonia value chains in various existing industrial applications as well as for future energy use, and will support our clients and industries in achieving low carbonization goals focusing on Japan, Asia and its surrounding markets. ITOCHU will initiate and enhance our industrial portfolio in the energy sector while achieving our commitments towards decarbonization activities in various prospective industries.”
Author: Bryan Groenendaal
