Hanh Nguyen’s Post

VP Global Sustainability OCI (CSO) // Ex-McKinsey AP, Unilever

1mo

This is an amazing achievement for the team involved. Congratulations! The firm long-term off-take commitment from H2Global allows Egypt Green to proceed to the next stage. It took over 3 years for the project to go from concept to get to this stage, lots of "blood, sweats and tears" from the team, and we have more to do until COD. It goes to show the efforts and time required to get FOAK projects off the ground. This project has been enabled by: 1) commitment and perseverance from the team; 2) project with all the competitive elements (good RE resources in Egypt, existing ammonia facility and infrastructure from Fertiglobe) 2) off-take from H2Global; 3) support from Egyptian government and 4) creative blended finance.

H2Global Foundation

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📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88

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H2Global Foundation

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📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Sanjeev Dubey

Green Hydrogen & derivatives, Negotiation, Proposal, Tendering, Legal, Strong Values & Principles, Stakeholder management.
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About 19 months, since the Lot 1 was announced in Nov'22. Although, more than 1000 institutions have downloaded the tender documents, however, the 22 applicants who submitted applications, are the ones whom I will call are the ones aspirants. The shortlisted 5 bidders, I call them the Green Warriors, who with their courage, conviction and intention to make a difference for the planet moved ahead in the evaluation process. Lots of learning and not just for these 5 bidders but also for HINT.CO GmbH , it's consultants, the collaborators of these 5 bidders including vendors, suppliers, contractors, consultants, transport agencies, terminal operators, and lot more. What the ecosystem has learnt in these 19 months is remarkable and with their learning and asking questions, the #policymakers have also got the privelege to understand the practical challenges. From learning the deeper interpretation of #RED II / III, #GHGemissions savings calculations, complaince requirement of #HumanResources and #EnvironmentalStandards, #ESIA requirements, #CBAM, #qualifiedrenewableenergy, #biddingzone, capturing the intent of document which resides between the lines, etc, the complete ecosystem has in a manner graduated. Above all, despite the synergy between #commonlaw and #civillaw, the finer differences which can bring nightmares due to inaccurate translation of German to English and vice-versa, are kind of nectar for the #LegalFraternity. How can someone miss the critical aspect of #funds. The challenges and apprehensions of sponsors and lenders. Yes, there is a lot of investment from stakeholders in terms of time, effort and money, but, I am sure it is worth for a better and #sustainable #future. Congratulations to HINT.CO GmbH ,H2Global Foundation, Fertiglobe and all associated institutions.
H2Global Foundation

6,873 followers
1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Muren Guler
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Great outcome HINT.CO GmbH !This achievement is not only a key milestone for the #German or #European #Green #Hydrogen Industry, but it also holds significant importance for any global hydrogen developer or investor. I believe, there are a few lessons learned here! The future of green hydrogen looks exciting! #Greenhydrogen #Ammonia #Germany #Europe #Australia
HINT.CO GmbH

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1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: Newly built solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Benedikt Walker

Economic geographer, researching the hydrogen industry & green industrial location factors
1mo
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Results of the first H2Global/Hintco tender have been published. Unfortunately, no successful SAF tender. Key problem: The RED II DA 28(5) demands a proportional allocation of the energetic value of the GH2 inputs to all outputs of a given production process (see link below). For SAF production, the use of existing Fischer-Tropsch (FT) plants (e.g. Sasol's plants in South Africa) could considerably reduce production costs (as it happened in the ammonia tender, which declared an existing ammonia production plant to be the preferred bidder). However, the FT process produces by-products, for which H2Global/Hintco do not offer subsidies. Hence, only a share of the investments in low-carbon inputs would result in SAF products that could receive subsidies, which apparantely does not provide a business case for the inputs. Solution: H2Global could buy the by-products of the FT process as well. However, shipping naptha around the world probably doesn't make sense. Hence, local use would need to be possible. Thoughts? https://lnkd.in/dP5dsYrh
H2Global Foundation

6,873 followers
1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Cuneyt Vardar

Infrastructure & Capital Projects Senior Management Consultant Decarbonization - Green Energy - Sustainability - Circular Economies
4w
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Renewable Ammonia from Egypt to Germany: Another example of cross-border transaction of Green Energy. It is not a dream anymore. This collaboration marks a notable step towards sustainable energy solutions and demonstrates the potential of cross-border green energy transactions. Indeed, North American project developers are seeing promising opportunities to export green ammonia to the EU. With the support of the US Inflation Reduction Act and Canadian tax subsidies, NA developers are positioning themselves competitively in the global market.
H2Global Foundation

6,873 followers
1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Pauline Seyfert

Founder and Chairman at Adlera Group | PhD Candidate
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The results of the H2Global pilot auction for renewable ammonia have been published 🌱 Check out more information below ⬇️ #greenenergy #ammonia #renewable #greentransition #greentransormation #future #energy
H2Global Foundation

6,873 followers
1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Victor Ponsford

Strategic communications, press relations and external affairs consultant
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This week, a significant milestone was reached for #greenfuels and the #energytransition with the results of the H2Global pilot auction. In practical terms, this marks the beginning of a new global energy trade flow, from Egypt to Europe. In the long run, new energy sources will need the same, if not greater, levels of support as traditional energy sources. Witnessing this transition in real time is fascinating, and playing a small role in bringing a significant project closer to the all-important final investment decision is extremely rewarding. Highlights, including prices and volumes, are in the post below 👇
H2Global Foundation

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1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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Ján Kisela

Director - Infrastructure Finance - Green hydrogen Lead - Real Asset Finance at HSBC Global Banking and Markets
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After European Hydrogen Bank auction results, market is now getting another interesting data point from 1st auction for #greenammonia from H2Global funded by 900m EUR. Well done to Fertiglobe and their project in Egypt! Most interesting datapoint is net production price of 811 Eur/t or 1000 Eur/t including transportation and other import costs.
H2Global Foundation

6,873 followers
1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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ZETA (Zero Emissions Traders Alliance)

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ZETA (Zero Emissions Traders Alliance) was excited to see a major breakthrough in clean commodities trade this month. Hintco GmbH announced Fertiglobe as the successful bidder of the first H2Global Foundation auction for renewable ammonia. Fertiglobe, the UAE-based fertilizer producer, will produce large amounts of green or renewable ammonia for delivery to Port of Rotterdam beginning in 2027. The contract calls for the shipment of up to 397,000 tonnes of green ammonia by 2033 from Egypt at a contract price of EUR 1,000 per tonne, including transport costs. It's a major project made possible by H2Global Foundation, whose trading company subsidiary Hintco will buy and sell the new green commodities to establish new markets. Hintco is entering long-term contracts to establish clear price signals for certified green commodities, allowing buyers and sellers to reduce risk. “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives," said Timo Bollerhey, CEO, Hintco, and Co-creator H2Global. Hintco is a growing global business. Founded with funding from Germany, it is entering into partnerships with similar entities in The Netherlands, Canada, Japan and elsewhere. They're creating trade in the new green commodities, in new market platforms supported by ZETA. ZETA will continue to build the marketplace infrastructure to enable this trade to grow and flourish, including pricing benchmarks and tradeable certificates that guarantee the origin of carbon-free fuels. Jan Haizmann Alan Mammoser Paul van Son Kutalmış Ersoy
H2Global Foundation

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1mo Edited

📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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HINT.CO GmbH

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📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: Newly built solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
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