Cleanergy Solutions Namibia Hosts Distinguished Guests: H.M. the King of the Belgians and H.E. President of the Republic of Namibia

The event aimed to showcase the progress of the Cleanergy Green Hydrogen site. Expected to be operational in the fourth quarter of 2024, the hydrogen refuelling station marked an important first step in the commitment to becoming a leader in renewable energy solutions in Namibia.

First filling of dual-fuel truck

A highlight of the site visit was the ceremonial first filling of a dual-fuel truck at the hydrogen refuelling station, officiated by His Majesty the King of the Belgians and H.E. Dr Nangolo Mbumba, President of the Republic of Namibia. The event represented the importance of robust, sustainable partnerships between Namibian and Belgian organisations.

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Today marks a historic juncture, not only for us as a joint venture but for the pioneering spirit of Namibia. With this Cleanergy Green Hydrogen Site, we are channeling over a century's worth of innovation to ignite a revolution in renewable energy. This initiative is more than a project; it’s a testament to our relentless drive for excellence, our commitment to sustainability, and our unwavering belief in partnership. Harnessing the sun's infinite energy, we are laying down the roots for a greener future, turning our bold vision into an inspiring reality.

Through the fusion of Namibian brilliance and global collaboration, we are not just promising a better tomorrow, we are delivering it. Together, we are constructing a world where caring for our planet and empowering our communities sets the foundation for all that we do. It's more than energy; it's the embodiment of our collective strength, determination, and hope – creating legacies that will outlive us and enrich generations to come.
Sven Thieme - Executive Chairman of the Ohlthaver & List (O&L) Group

Decarbonise the maritime industry with green molecules

The site includes a hydrogen refuelling station and a production plant. The facility uses only solar energy for the on-site production of green hydrogen and will be used for hydrogen-powered trucks, port equipment, railway applications and small ships. This strategic development not only addresses urgent infrastructure needs but also strengthens the link between green molecules and maritime activities, reinforcing the importance of the Port of Walvis Bay.

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We are doing this because we believe decarbonisation and a shift to renewable energy are important trends in the global economy. We need to reduce greenhouse gas emissions, but industries that are difficult to reduce, such as maritime industries, ports and mining, cannot switch to electricity or batteries. Instead of electrons, they need molecules. We plan to produce these molecules in Walvis Bay to power locally operated trucks, port equipment, locomotives and small ships.

In addition, the port of Walvis Bay will also be in a unique position in Africa: our project will enable them to offer low-carbon logistics supply chains to their customers. This will pave the way for attracting additional logistics flows and investors.
Alexander Saverys - CEO of CMB.TECH

First hydrogen-powered vessel in Africa

In addition, Cleanergy, together with CMB.TECH, Port of Antwerp Bruges and Namport, will launch the first hydrogen-powered ship in Africa. Building on the successful collaboration between CMB.TECH and Port of Antwerp Bruges, as demonstrated by the launch of the Hydrotug and the world's first multimodal hydrogen refuelling station in the port of Antwerp, the focus now shifts to the development of a Multifunctional Port Utility Vessel (MPHUV) powered by dual-fuel hydrogen engines. The MPHUV's versatile design will enable the integration of different equipment needed for a range of port operations, significantly reducing greenhouse gas emissions during operations.

Given the ability of ports to act as hubs for hydrogen technology implementation and efforts to reduce carbon emissions, the Port of Walvis Bay and Namport emerge as an ideal partner to operate Africa's first hydrogen vessel. The port's involvement will provide invaluable insights into the vessel's specifications during development and refine the concept based on operational experience and feedback from users once it is commissioned.

Hydrogen Academy

A key element of the Cleanergy Green Hydrogen site is knowledge exchange, exemplified by the establishment of the Hydrogen Academy on-site. The Cleanergy Solutions team, suppliers, customers, as well as Namibian and European universities and institutes, will jointly upskill Namibians on hydrogen and its diverse economic potentials. The aim is to transform the Hydrogen Academy into a premier hub of hydrogen expertise in Namibia.

Hydrogen and ammonia production

The hydrogen production plant is the first phase of a 5-year plan with several projects at different locations, including ammonia bunkering, pipelines and large-scale hydrogen and ammonia production.

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About O&L

The Ohlthaver & List (O&L) Group embodies the enduring spirit of Namibia. With a rich tapestry woven from over 100 years of history, we stand proud as Namibia’s largest privately held group of companies, engaging over 5400 dedicated employees across a diverse array of sectors. Our ethos is our compass, guiding us towards creating a future, enhancing life, ensuring that each step we take is in service of a brighter, more sustainable tomorrow. We pledge to be authentic in our intentions, caring in our relationships, and passionate about our pursuits. As we contribute to Namibia’s GDP, our influence transcends economics; we endeavor to uplift our communities, enrich lives, and empower dreams. O&L is not merely a conglomerate; we are the keepers of a legacy, the architects of the future, and the harbingers of hope. We invite you to explore our journey and join us as we continue to forge paths of progress and prosperity. Visit us, share in our vision, and witness the transformation we are driving – for our people, our partners, and the planet.

For more information find us at:

https://www.ol.na/

https://www.facebook.com/ohlthaverlist/

https://www.linkedin.com/company/ohlthaver-&-list/mycompany/

About CMB.TECH

CMB.TECH (all capitals) and Euronav together represent a group with approximately 150 ocean-going vessels in dry bulk, container shipping, chemical tankers, offshore wind and oil tankers. The group focuses on large marine and industrial applications on hydrogen or ammonia. They also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia and Africa.

More information can be found at https://cmb.tech and www.euronav.com.

CONTACT

For interviews, more information and/or additional footage:

Ohlthaver & List Group

Victoria Moller

Group Assistant Manager: Corporate Relations

Victoria.Moller@ol.na

+264 81 257 0007

CMB.TECH

Katrien Hennin

Head of Marketing and Communications

Katrien.hennin@cmb.be

+32 499 39 34 70

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, timings or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections or meet expected timings. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

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