- HyIron Oshivela to produce first green iron ore in three weeks.
- First production of green iron in Africa using sustainable methods.
- HyIron CEO announces successful production of green hydrogen.
- Initial production of small amounts of green hydrogen to ramp up to 215kg per hour.
- Green hydrogen essential for green iron used in steel production.
- Offtake agreement with German steelmaker Benteler for 200,000 tonnes of DRI.
- Initial phase investment of 30 million euros, 40% funded by German government grants.
- Second phase in mid-2025 to increase solar power capacity tenfold with 230 million euros investment.
- Third phase planned for 2026, expanding capacity tenfold with 2.3 billion euros investment.
- HyIron aims for two million tonnes of DRI production annually by 2030.
- Carbon-free DRI production with infinite water recycling.
- Operating in Namibia, with plans for projects in Australia, Angola, Brazil, and additional Namibian sites.
- Green Hydrogen Strategy could significantly impact Namibia’s economy, potentially adding 80,000 jobs by 2030 and 600,000 by 2040.
