NH3 - NH3 Clean Energy

I had marked this one down as another graphite "loser" company.
Had a quick look and noticed that HXG is buying an unlisted "blue" hydrogen company in NT.

I think this purchase has got the ESG investors frothing at the mouth and eager to bid up the stock.

A very good report of associating themselves with global leaders Genesis and Air Products in Hydrogen production at the Pedirka Blue Hydrogen Project. See Announcement

ASX Announcement | 28 April 2021

Hexagon Energy Materials Limited (ASX: HXG)

Hexagon Energy Materials Announces Technical Providers Hexagon Energy Materials (Hexagon) is delighted to announce it has agreed to select Air Products and Chemicals Inc (Air Products) as its key technology provider for the Pedirka Blue Hydrogen Project.

Air Products is a global leader in gasification production plants and equipment. Hexagon has also entered into an agreement with Genesis, a subsidiary of Technip Energies, a market leading supplier of hydrogen solutions, to provide engineering support during the Pre-Feasibility Study.

Air Products is a pre-eminent global technology provider and operator of industrial gas facilities with broad experience in gasification and hydrogen production. Air Products is listed on the New York Stock Exchange (NYSE Symbol: APD) with a market capitalisation of over U$60bn. Air Products is involved in every stage of the hydrogen value chain from production through transportation and distribution to utilisation in road rail and marine applications. The combination of Air Products’ technology and Genesis’ engineering capability will provide the project with world class solution providers who have a track record of delivering successful blue hydrogen projects. As the project progresses, Hexagon will look to develop further these relationships and those with other groups to accelerate and assist the rapid advancement of the project.

Also gives an update on the "McIntosh graphite, nickel and PGE’s project and the Halls Creek gold and base materials project. In the US, Hexagon has an 80 per cent controlling interest in a graphite exploration project in Alabama."

DYOR

Apoenzyme

On December 6th, 2024, Hexagon Energy Materials Limited (HXG) changed its name and ASX code to NH3 Clean Energy Limited (NH3).

System said:

On December 6th, 2024, Hexagon Energy Materials Limited (HXG) changed its name and ASX code to NH3 Clean Energy Limited (NH3).

Click to expand...

AGM address

" ....renamed as NH3 Clean Energy. This transition covers not only our name but also our, ASX ticker (NH3), web address and most importantly our corporate branding and positioning. I want to underline that this is not window dressing but a critical initiative in recognition of the company’s transformation in establishing itself as a recognized player in the clean ammonia industry and a foundation on which to build the future of the Company.

"I can’t overstate the progress that has taken place since last year’s AGM in terms of the standing of the Company in the clean fuel industry. The recent announcement pertaining to gas supply from Chevron Australia is just one example of the growing engagement with key project partners which have occurred over the last 12 months.

"If you’ve heard us say that the WAH2 project is the preeminent clean Ammonia project in Australia, the reason why we have the confidence to do so is because that is how many of our industry peers see us. In addition to recognition of WAH2 within the industry - we are also seeing a massive increase in recognition of the importance of the clean ammonia industry and especially its importance to the energy future of Australia...