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Hexagon Energy Materials Ltd. ( (AU:NH3) ) just unveiled an announcement.
NH3 Clean Energy Limited announced a Memorandum of Understanding (MoU) with Pilbara Ports Authority to explore options for the export of 600,000 tonnes per annum of clean ammonia from its WAH2 Project. This collaboration aims to establish operational arrangements for the ammonia’s shipment via the Port of Dampier, advancing NH3’s clean energy strategy. The WAH2 Project is strategically positioned to meet growing regional demand for low-emissions energy, targeting FEED entry by Q1 2025, and aligns with Asia’s energy transition. The MoU also supports NH3’s goal of making Dampier a clean fuel bunkering hub, contributing to the decarbonization of iron ore exports.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited, formerly Hexagon Energy Materials Ltd., operates within the clean energy sector, specializing in the production and export of low-emissions ammonia. Its market focus includes supplying clean ammonia to the Asia Pacific region and providing decarbonized fuel for bulk carriers.
Average Trading Volume: 6,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.67M
See more data about NH3 stock on TipRanks’ Stock Analysis page.
