ITOCHU Corporation and Hive Hydrogen have finalised to work together on matters of viable green hydrogen and ammonia project development, production, operation, marketing, off take and distribution. ITOCHU announced that it concluded a Memorandum of Cooperation (MOC) concerning the collaboration with Hive Hydrogen South Africa.
In September 2023, the Ministry of Economy, Trade and Industry held a plenary session at Tokyo GX Week 2023 where an MOC regarding a collaboration in the fields of hydrogen and ammonia was signed by Japan and the Republic of South Africa. This MOC with Hive is aligned with the two countries’ desire to deepen collaboration pertaining to the development of a sustainable and low-cost hydrogen and ammonia supply chain.
ITOCHU and Hive will jointly engage in deliberation regarding the green ammonia production project in Coega, Nelson Mandela Bay, the Eastern Cape province, the Republic of South Africa. The project will utilise the rich sources of renewable energy (wind and solar power) and existing infrastructure such as the ports in the area to produce and market competitive green ammonia.
