Hexagon Energy Materials Ltd. (AU:HXG) has released an update.
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Hexagon Energy Materials Ltd. has announced a partnership with Oceania Marine Energy to explore a low-emissions ammonia bunkering business at Dampier, aimed at decarbonizing iron ore shipments from Australia to Asia. The companies have signed an MOU to confirm demand, demonstrate feasibility, and create a development plan for using ammonia as bunker fuel. This collaboration aligns with Hexagon’s WAH 2 Project goals to produce and export low-emissions ammonia to Asia for power generation decarbonization.
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