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June 12,2025

South Africa Advances First Large-Scale Green Ammonia

South Africa’s PIC, IDC, and DBSA have committed ZAR 656 million ($37m) to the SA-H2 Fund, investing up to $20m in developing the country’s first large-scale green ammonia plant led by Hive Hydrogen. The fund supports project development activities and aims for financial close by 2026, with operations starting in 2029.

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