Hive Hydrogen woos Japanese Investors

Hive Hydrogen South Africa is seeking to lure some of Japan’s biggest companies to invest in a USD 5.9bn green ammonia project.

Hive Hydrogen, a unit of Hive Energy Ltd., is the biggest and most advanced of major projects to produce green hydrogen in South Africa. It has the potential to decarbonize heavy industry and shipping.

While projects planned in neighbouring Namibia are targeting exports to Europe, Hive is intending to sell much of its output to Japan and South Korea.

Officials from government agencies including the Japan Organization for Metals and Energy Security, or Jogmec, the Japan International Cooperation Agency and the Japan External Trade Organization will also assess the project next week.

The Hive plant envisages using the Ngqura deepwater port to ship ammonia — a more easily transportable derivative of green hydrogen — to export markets. A final decision is expected next year.

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