Minbos' green ammonia study proves positive
PERTH (miningweekly.com) – A technical study into the Capanda green ammonia project, in Angola, has proven positive for ASX-listed Minbos.
The study defined a carbon-free facility, avoiding the use of natural gas or any other carbon-based raw material, through the production of green hydrogen obtained through using water electrolysis, and nitrogen obtained from the air using an air separation unit, to produce green ammonia.
The study determined that with the 200 MW of available power under a memorandum of understanding with Angolan network operator RNT from the Capanda hydroelectric dam, the project could produce 320 t/d of green ammonia to produce 730 t/d of low-density ammonium nitrate (LDAN) for use in mining explosives, and 980 t/d of calcium ammonium nitrate (CAN) for use in the local fertiliser industry.
“The company is developing a project with a strong competitive advantage, including competitive and installed green electricity pricing, a genuinely zero-carbon project, high-quality water and proximity to markets, which is now recognised as the gold standard for viable green hydrogen-ammonia projects,” said Minbos CEO Lindsay Reed.
“One of Capanda’s biggest opportunities is to capture the near $200/t African Inland Premium for nitrogen products.
“The company looks forward to progressing to its prefeasibility study (PFS) with significant international interest from potential project partners. We will continue to develop projects that not only grow value for shareholders, but continue to build the country of Angola, from the ground up.”
Work has now started on the PFS for the project, and Minbos has started offtake and financing discussions with several project partners and debt providers.
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