Namibia Hydrogen Fund Managers have announced their commitment to providing development funding to HyIron's Oshivela Project in Namibia. This investment is geared towards supporting green iron production by utilizing hydrogen as an alternative to carbon. The decision was revealed through a joint statement released recently. The primary objective of the investment is to help HyIron expand its production capacity to reach 200,000 tonnes. By opting for hydrogen in the iron production process, the project aims to reduce reliance on carbon-intensive methods, promoting environmentally friendly practices in the industry. This strategic move highlights a significant step towards sustainable development and aligns with global efforts to minimize the carbon footprint of industrial operations. The collaboration between Namibia Hydrogen Fund Managers and HyIron signifies a shared vision for a greener future, emphasizing the importance of investing in clean energy solutions. Overall, this initiative reflects a positive shift towards adopting innovative technologies that prioritize environmental conservation and sustainable growth.