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Hexagon Energy Materials Ltd. ( (AU:NH3) ) just unveiled an update.
NH3 Clean Energy Limited has commenced the Front-End Engineering and Design phase of its WAH2 clean ammonia project, with approvals and commercial workstreams underway. The company is engaging in strategic discussions with potential partners to explore alternative pathways for project delivery, which could streamline execution and reduce the need for independent project financing. The project aims to supply low-emissions ammonia to Asia Pacific economies, with a focus on accelerating timelines and derisking project delivery.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited is a company focused on providing low-emissions ammonia solutions, particularly targeting the decarbonizing economies of the Asia Pacific region, including Japan and South Korea. The company aims to supply ammonia as a decarbonized ‘bunker’ fuel for bulk carriers transporting iron ore from Australia to Asia, aligning with the growing demand for low-emission energy in the region.
Average Trading Volume: 949,843
Technical Sentiment Signal: Buy
Current Market Cap: A$38.12M
See more insights into NH3 stock on TipRanks’ Stock Analysis page.