Koole Terminals and Hyphen Hydrogen Energy Sign Letter of Intent for Storage of Ammonia
05.09.2023 By TankTerminals.com News - NEWS

May 9, 2023 [Koole Terminals] – Hyphen Hydrogen Energy (Hyphen) has signed a Letter of Intent (LOI) with Koole Terminals.

 

The LOI covers the proposed important of green ammonia into north-western Europe by Hyphen to supply its customers through the import terminal being developed by Koole Terminals, located in Rotterdam, the Netherlands.

Marco Raffinetti, CEO of Hyphen Hydrogen Energy, said: “This agreement represents another key milestone in our ambition of enabling Namibia’s rise as a global leader in green hydrogen production. The Port of Rotterdam is a critical hub servicing north-western Europe and has moved rapidly to support the establishment of new green hydrogen import capacity to facilitate this region’s energy transition, with import capacity and access to markets being a key constraint in the supply chain. Koole Terminals, is one of the most advanced import terminals under development and we look forward to working with Koole Terminals and the Port of Rotterdam to meet first supply of ammonia from our project into Europe by early 2028.”

John Kraakman, CEO of Koole Terminals, said: ” We are pleased to work with Hyphen to become a launching customer of our planned Port of Rotterdam import terminal for Ammonia. This cooperation will allow us to further scale-up the multi-million tonne facility. Koole is an experienced independent operator of twenty-one liquid bulk terminals across seven countries, already handling and storing Ammonia. With our current and planned infrastructure, terminals, modalities, and integrated solutions, we play a leading role in facilitating the energy transition.”

Hyphen is targeting annual production of one million tonnes of green ammonia to come on line by the end of 2027, expanding to two million tonnes of green ammonia by 2029.

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