NH3 Clean Energy Partners with Angel CCS for WAH2 Project

Hexagon Energy Materials Ltd. ( (AU:NH3) ) has issued an announcement.

NH3 Clean Energy Limited has signed a Memorandum of Understanding with the Angel Carbon Capture and Storage Project Joint Venture, operated by Woodside Energy Ltd, to collaborate on carbon capture and sequestration services for its WAH2 clean ammonia project. This agreement is a strategic move to enhance the WAH2 project’s capability to produce low-emissions ammonia, aligning with the company’s goal to support the decarbonization of energy markets in Asia. The MoU is part of NH3’s broader efforts to progress towards the Front-End Engineering Design phase, with the aim of starting production by the second half of 2029.

More about Hexagon Energy Materials Ltd.

NH3 Clean Energy Limited is a company operating in the clean energy sector, focusing on the production of low-emissions ammonia. Its primary market focus is on supplying the Asia Pacific region, including Japan and South Korea, with clean ammonia for energy transition and as a decarbonized fuel for shipping.

Average Trading Volume: 471,625

Technical Sentiment Signal: Buy

Current Market Cap: A$12.42M

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