NH3 Clean Energy (ASX:NH3) Completes Pre-FEED Engineering for WAH2 Project
Project Milestone
NH3 Clean Energy has successfully completed the Preliminary Front End Engineering and Design (Pre-FEED) for its flagship WAH2 clean ammonia project, adhering to budgetary guidelines. The engineering phase identified significant opportunities for emissions and cost optimisation while maintaining design flexibility to meet customer preferences and government subsidy criteria.
Strategic Engagement
The technical results and pricing from preliminary commercial agreements will inform updated financial modelling and strategic discussions. The company is accelerating strategic engagements, having discussions underway with potential partners to advance commercial and offtake agreements.
Executive Comments
Chairman Charles Whitfield stated, “Completion of Pre-FEED engineering represents a major milestone for the WAH2 Project. It represents a significant de-risking of the project and is the point in the project’s development at which strategic parties had indicated that they would be interested to seriously engage. It also represented the largest component of Pre-FEED expenditure so its completion allows the Company to reduce cash burn.”
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