Offshore Green Ammonia in Namibia | SwitcH2 B.V.
GH2 + Renewable
Information
Company Name/Description
SwitcH2 B.V.
Countries of Operation
Namibia
Ownership of Company: Registered in the Netherlands with ownership by Dutch shareholders.
Number of years since incorporated
Upon Request
Project Pitch
The project is an offshore green ammonia production facility in Namibia jointly developed by SwitcH2 B.V. (Rotterdam-based developer of floating hydrogen and ammonia production units leveraging FPSO technology), and Hyphen Hydrogen Energy (Namibian entity dedicated to developing renewable energy and green hydrogen projects in Namibia).
The Floating Production, Storage and Offloading (FPSO) unit will be located 5km offshore from Lüderitz Port and will source renewable electricity from onshore wind and solar assets via two 132 kV subsea power cables.
The FPSO design consists of 300 MW electrolyser capacity and 790 tpd ammonia production capacity. Hydrogen is produced via electrolysis of desalinated seawater (onboard the FPSO) and converted to ammonia using a conventional Haber-Bosch synthesis process.
Nitrogen is supplied by an onboard air separation unit. At peak capacity, the facility can produce up to 288,000 tonnes of (RFNBO) ammonia per year. Ammonia will be stored and offloaded by the FPSO directly onto ammonia carriers at sea, ready for export. This eliminates the need for land, onshore storage facilities, jetties, or pipelines.
This ‘Phase 0’ project is considered a key enabler for Hyphen’s larger Phase 1 & 2 developments onshore, which aim to produce 1.5 mtpa ammonia respectively.
Team
Upon Request
Type of Project
Private Company project
Stage
The Project is preparing for FEED phase having completed the pre-FEED in Q3 last year. Hyphen has completed the initial resource studies for the onshore wind & solar assets, with ESIA well underway.
Employment
Temporary: 45
Permanent: 67
Seasonal: 100
Annual Revenue (in EUR)
Upon Request
Total Project CAPEX (N$)
USD 1.4 Billion
Source of Current Income and Use of Capital:
Sources include shareholder contributions and national grants. The Company went through three investment rounds and three different grant schemes.
Financing needs (N$) / Type of financing needed
USD 20 million
The Company is looking for:
Financing is being sought for DEVEX to execute the FEED as a pre-requisite for FID and the subsequent EPC phase. It is worth noting that several (co-)investors have been identified for part of the DEVEX component and thus only a portion is still being sought.
Planned allocation of fundraising capital
Will be shared after signing NDA.
Feasibility/Due Diligence
Technical:
FPSO (offshore): pre-FEED feasibility completed, now preparing for FEED.
Onshore renewables: Hyphen has already spent 50,000 man hours on pre-FEED for the RE generation and ammonia synthesis.FEED currently underway.
Financial:
Initial financial viability analysis concluded. Due diligence to be carried out towards end of FEED (pre-FID).
Environmental:
ESIA is ongoing for onshore renewables assets. ESIA for the FPSO to begin during FEED.