HyIron Oshivela: Pioneering Green Iron Production in Namibia
Key Ideas
- HyIron Oshivela set to produce green iron ore using sustainable, low-carbon green hydrogen.
- Chief executive Johannes Michels announced successful production of green hydrogen, marking a significant milestone for the country.
- Company's DRI production process is entirely carbon-free and water is recycled infinitely, aligning with eco-friendly practices.
- HyIron aims to expand its green hydrogen projects globally, with future plans in Australia, Angola, Brazil, and additional locations in Namibia.
HyIron Oshivela, a company in Namibia, is set to produce its first green iron ore in three weeks after successfully producing green hydrogen. This achievement marks the continent's first production of green iron, utilizing sustainable, low-carbon methods. Johannes Michels, HyIron's CEO, mentioned the company's plan to ramp up green hydrogen production to around 215kg per hour. The company's DRI production process is entirely carbon-free and water is recycled infinitely. HyIron secured an offtake agreement with a German steelmaker for the purchase of 200,000 tonnes of direct reduced iron (DRI). The company's expansion plans include increasing solar power capacity and investments for future phases, targeting two million tonnes of DRI production annually by 2030. HyIron is part of Namibia's green hydrogen projects following the release of Harambee Prosperity Plan II, with plans to replicate the project in Australia and explore opportunities in Angola, Brazil, and multiple locations in Namibia. The Green Hydrogen Strategy predicts a significant boost to Namibia's socio-economic development by 2030, with the hydrogen industry potentially contributing up to US$6 billion to GDP and generating numerous job opportunities.