Hyphen signs ammonia storage LOI with Koole Terminals
Published by Bella Weetch,
Tanks and Terminals,
Hyphen Hydrogen Energy (Hyphen) has signed a Letter of Intent (LOI) with Koole Terminals. This covers the proposed import of green ammonia into northwestern Europe, with Hyphen planning to supply its customers using the import terminal being developed by Koole Terminals, located in the Port of Rotterdam, the Netherlands.
Over the past year, Hyphen has signed Memorandums of Understanding (MoUs) with a number of potential European customers, targeting the supply of up to 750 000 tpy of green ammonia.
Marco Raffinetti, CEO of Hyphen Hydrogen Energy, said: “This agreement represents another key milestone in our ambition of enabling Namibia’s rise as a global leader in green hydrogen production. The Port of Rotterdam is a critical hub servicing northwestern Europe and has moved rapidly to support the establishment of new green hydrogen import capacity to facilitate this region's energy transition. Koole Terminals is one of the most advanced import terminals under development and we look forward to working with them to meet first supply of ammonia from our project into Europe by early 2028.”
John Kraakman, CEO of Koole Terminals, said: “We are pleased to work with Hyphen to become a customer of our planned Port of Rotterdam import terminal for ammonia. This cooperation will allow us to further scale up the multi-million tonne facility. Koole is an experienced independent operator of 21 liquid bulk terminals across seven countries, already handling and storing ammonia. With our current and planned infrastructure, terminals, modalities, and integrated solutions, we play a leading role in facilitating the energy transition.”
Hyphen is targeting annual production of 1 million t of green ammonia to come online by the end of 2027, expanding to 2 million t of green ammonia by 2029.
Read the article online at: https://www.tanksterminals.com/terminals/09052023/hyphen-signs-ammonia-storage-loi-with-koole-terminals/
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