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PNE and OMNIA sign MoU for the production of green hydrogen and ammonia in South Africa

EQS-News: PNE AG / Key word(s): Miscellaneous PNE and OMNIA sign MoU for the production of green hydrogen and ammonia in South Africa 01.02.2023 / 12:17 CET/CEST The issuer is solely responsible for the content of this announcement. Press Release

PNE and OMNIA sign MoU for the production of green hydrogen and ammonia in South Africa

• Production plant to generate 100,000 tons of green ammonia per year
• Major project in the field of hydrogen solutions for the PNE Group

Cuxhaven/Johannesburg, February 1, 2023 - OMNIA GROUP (PTY) LTD. and WKN WINDCURRENT S.A (PTY) LTD (WKN)., a fully owned subsidiary of German based PNE AG, have signed a Memorandum of Understanding (MoU) to evaluate the onsite production of green hydrogen and ammonia in South Africa.

This new ammonia production will be powered by renewable energy from hybrid sources. The PNE subsidiary is to develop the necessary equipment to combine energy generation from wind and solar with the production of the ammonia. The objective is to produce competitively priced green ammonia in the range of up to 100,000 tonnes per annum, which would result in a saving of 180,000 tonnes per annum of CO₂ emissions.

"We are pleased to have found an experienced partner in OMNIA with whom we can collaborate to drive this important project for climate protection. Green hydrogen and its downstream products are key to facilitating South Africa’s decarbonisation and energy transition goals while unlocking sustainable growth opportunities," said Markus Lesser, CEO of PNE AG. "For our group of companies, this is also an important step in the implementation of our Scale up 2.0 strategy, in which solutions around Power-to-X play a significant role.” In addition to the massive expansion of our own electricity generation from wind and solar, solutions relating to power-to-X also play an important role.