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Industrial Development Corporation (IDC) has recently launched a...

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Merchant2000

19,822 Posts.

863

19/02/24

10:28

Post #: 72478822
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Originally posted by chuk: ↑

They mentioned the proximity to a geothermal field. I assume that will make up at least part of their green energy mix in Kenya.
While its a great source of reliable base load energy, geothermal is unfortunately much more expensive than solar and wind.
If Fortescue wasn't previously aware of MNB's 25 year 1.1c per kw green ammonia project, they will be now. A part investment in our green ammonia project would have to be a nice little add on to their green energy strategy. It would likely be cheaper on combined capital and operating costs than anything else they are looking at and with the hydro already built, it would be a quicker option to production of green hydrogen and green ammonia than having to first plan, permit, engineer and build the green energy infrastructure.
We know there is a lot of interest in the project from potential partners. A deal with one of them seems likely on a project with this much of an economic advantage over other projects.

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Industrial Development Corporation (IDC) has recently launched a new ring-fenced short-term finance product, FasTrak.

@chuk

MNB Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
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Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $47.58M

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