NH3 Clean Energy Limited (ASX: NH3) continues to make significant progress on its WAH 2 Project, a key initiative in the company’s clean energy transition strategy. The project aims to supply low-emissions ammonia to the decarbonising powerhouse economies of the Asia Pacific, including Japan and South Korea, and the maritime sector.
Material Actions and Disclosures
The company has completed and reviewed environmental surveys required for the submission for State and Commonwealth environmental approvals for the WAH 2 Project, with positive results for project delivery. Preliminary cultural heritage information for key areas of the WAH 2 footprint was reviewed and returned no critical constraints within the project development envelope.
During the quarter, the company entered into an agreement with Linde Engineering as FEED engineering partner for the WAH 2 Project, based on its engineering capability, knowledge of ammonia and related technologies, and experience developing and delivering industrial gas plants. The parties are assessing a range of delivery models, including Engineering, Procurement and Construction (EPC); Build-Own-Operate (BOO) and Operations and Maintenance (O&M).
Work has continued under the pilot phase of the Ammonia Energy Association’s (AEA) Ammonia Certification System to enable the company to pre-certify the expected emissions profile of ammonia to be produced from the WAH Project ahead of commercial operations, further enhancing the project’s decarbonisation credentials.
Forward Commitments
Material progress continued to be made on all WAH 2 Project FEED workstreams in the run up to FID – engineering, commercial, financing and approvals. The company continues this progress with extremely lean cash burn and finishes the quarter with a healthy balance.
The company is now in increasingly detailed discussions with a number of globally recognised funding groups and strategic partners who are engaged in due diligence. Some of these discussions involve elements beyond financing of the project and are interrelated with offtake and other aspects of involvement in the project.
These workstreams will be progressed in a co-ordinated manner that minimises cost and de-risks project delivery and operation. FID is anticipated in 2027 with the start of production in 2030.
Source: NH3 Clean Energy Limited ASX Announcement dated 26 October 2026.