Hexagon Energy Materials Ltd. (AU:HXG) has released an update.
Hexagon Energy Materials Ltd. has reached a non-binding agreement with Chevron Australia for gas supply to its WAH 2 Clean Ammonia Project, marking a significant milestone in Hexagon’s ambition to become a clean ammonia producer. The agreement aims to secure 33 terajoules per day of gas starting from 2029, covering 60% of the project’s initial phase needs, with additional partnerships expected to bolster the project’s infrastructure and supply chain. This development underscores the growing confidence in low-emissions energy solutions as Asia Pacific economies transition towards greener alternatives.
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