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Hexagon Energy Materials Ltd. ( (AU:NH3) ) has shared an announcement.
NH3 Clean Energy Limited has signed a Memorandum of Understanding with ITOCHU Corporation to develop clean ammonia bunkering operations in the Asia Pacific region, with a focus on the Pilbara region of Western Australia. This collaboration aims to aggregate demand for clean ammonia and support the WAH2 Project, enhancing NH3’s position in the clean energy sector and potentially transforming the maritime industry by promoting ammonia-fueled shipping, which could significantly reduce emissions from iron ore exports.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited is an Australian company focused on developing clean ammonia bunkering operations, particularly in the Asia Pacific region. The company is involved in establishing a supply chain for ammonia-fueled shipping, aiming to support the decarbonization of maritime transport.
YTD Price Performance: 405.56%
Average Trading Volume: 1,540,683
Technical Sentiment Signal: Buy
Current Market Cap: A$63.42M
For an in-depth examination of NH3 stock, go to TipRanks’ Overview page.