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RWE pulls out of $10B Namibia hydrogen project due to slow demand (RWEOY:OTCMKTS)

German utility RWE (OTCPK:RWEOY) said Monday it pulled out of Namibia’s $10 billion Hyphen green hydrogen project, citing slower than expected demand in Europe for hydrogen and hydrogen derivatives such as ammonia.

RWE (OTCPK:RWEOY) had signed a preliminary non-binding

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