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An announcement from Hexagon Energy Materials Ltd. ( (AU:NH3) ) is now available.
NH3 Clean Energy Limited has signed a Memorandum of Understanding with Mitsui O.S.K. Lines and Oceania Marine Energy to develop clean ammonia bunkering operations in Western Australia’s Pilbara region. This collaboration aims to establish a significant ammonia bunkering hub by 2030, supporting the decarbonization of the Pilbara-Asia maritime corridor. The agreement is expected to enhance NH3’s WAH2 Project, with initial bunkering demand projected at 300,000 TPA of clean ammonia. This initiative positions Western Australia as a potential leader in reducing maritime emissions and diversifying its economy.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited operates in the clean energy sector, focusing on the development and supply of clean ammonia as a sustainable fuel alternative. The company is involved in projects aimed at reducing emissions in maritime shipping, particularly through ammonia bunkering operations.
Average Trading Volume: 1,120,960
Technical Sentiment Signal: Buy
Current Market Cap: A$51.68M
For an in-depth examination of NH3 stock, go to TipRanks’ Overview page.