Why is CGAP Commercially Attractive for Minbos Resources? — ASX:MNB| ASX Mining News & Discussion

$MNB Why is CGAP Commercially Attractive for Minbos Resources?

Capanda Green Ammonia Project: A Zero-Carbon Future for Fertilizers and Explosives

Minbos Resources Limited has announced significant progress in the development of the Capanda Green Ammonia Project (CGAP), marking it as the most commercially attractive zero-carbon green ammonia project globally.

With the completion of environmental baseline surveys and a technical study affirming its potential, the project is now in the spotlight for its innovative approach to utilizing surplus renewable energy for the production of green ammonia. This development is not only a leap towards sustainable agriculture and mining industries but also positions Angola as a key player in the green energy sector.

Environmental and Technical Milestones

The CGAP has recently achieved major milestones, including the completion of critical environmental baseline surveys for both wet and dry seasons and a comprehensive tender review for engineering design. These steps have laid the groundwork for the project, emphasizing its commitment to environmental sustainability and optimal project ... execution.

Strategic Advantages and Global Interest

The project boasts several unique advantages that make it stand out on the global stage:

Utilization of zero-carbon hydropower from the Capanda Hydroelectric Dam, ensuring a continuous and competitively priced power supply.

A strategic location close to the Lobito Corridor, enhancing its accessibility to the western copper belt of Angola and reducing logistics costs for the mining and explosives industries.

The availability of high-quality water resources, which significantly reduces operational costs.

These factors have attracted attention from prospective partners worldwide, including Development Finance Institutions, and have sparked interest in financing, manufacturing, technology, and offtake agreements.

The Role of CGAP in Angola's Agricultural and Economic Development

Lindsay Reed, the Managing Director of Minbos, highlighted the project's alignment with Angola's broader economic goals, focusing on enhancing food security and supporting the agricultural sector. By supplying green nitrogen products, the CGAP aims to aid smallholder and commercial farmers, potentially making agriculture a cornerstone of Angola's economy. Reed's vision extends beyond immediate needs, aiming to foster an export-oriented agricultural sector powered by sustainable, zero-carbon inputs.

Looking Ahead: Partnerships and Project Development

With partnership discussions well advanced, Minbos is navigating through potential collaborations to ensure the CGAP's objectives align with long-term agricultural and economic development plans for Angola. The project's progression to a pre-feasibility study (PFS) to investigate the use of electrolysers for green ammonia production underscores its ambition to produce around 250ktpa of high-density ammonia nitrate, with scalability based on power availability.

The Capanda Green Ammonia Project is at the forefront of transforming the agricultural and mining sectors through sustainable innovation. By leveraging Angola's renewable energy resources and strategic geographic advantages, Minbos Resources Limited is setting a precedent for environmentally friendly industrial practices. The CGAP's success could herald a new era of green energy utilization, with significant implications for global markets and Angola's economy.

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