Hexagon Energy Materials Ltd. (AU:HXG) has released an update.
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Hexagon Energy Materials Ltd reports positive developments in its WAH2 Project aimed at supplying low-emissions ammonia to Asia-Pacific markets. In the last quarter, they’ve signed a Memorandum of Understanding to establish an ammonia bunkering business, completed a funding round, and continued technical, regulatory, and commercial preparations for FEED entry by the end of Q3 2024. The project, which includes negotiations for potential partnerships and off-takers, is on track and has the potential to improve project economics and aid in the decarbonization of power generation in Asia.
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