Staff Reporter
THE first pilot projects for green hydrogen, green ammonia, and green iron are expected to produce initial outputs for the first time this year.
This was revealed by President Nangolo Mbumba during his first State of the Nation Address (SONA). According to him, the expected benefits of these initiatives are a testament to the late President Hage Geingob’s commitment to promoting investment in the sector.
“He prioritised investment promotion on new sectors to propel our country towards Vision 2030. As a consequence, the new frontiers of Green Hydrogen, Green Industrialization as well as Oil and Gas further set the country firmly on the path of accelerated economic growth and shared prosperity,” President Mbumba added.
President Mbumba further underscored the country’s exploration of utilising locally produced green hydrogen to manufacture a range of goods, including ammonia, fertiliser, hydrogen, iron, and cement, positioning Namibia favourably to seize emerging market opportunities. He added that projections indicate substantial growth of up to 70% in the green ammonia market by 2030.
With regards to the oil and gas sector, the president revealed that positive developments are also expected in this sector, with tangible outcomes from an intensive offshore drilling programme on the horizon. He also highlighted a surge in oil exploration activities last year from international oil companies, particularly in promising oil-rich basins like the Walvis Basin and the Orange Basin.
President Mbumba reiterated the government’s readiness to capitalise on these advancements for the nation’s benefit.
“We expect firmer estimates of recoverable reserves to be announced this financial year. We are prepared for this opportunity through a robust local content regime, a ready sovereign wealth fund, amongst various other measures to maximize the impact and benefit for our country,” President Mbumba said.
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