A $5.8 billion project on South Africa's east coast, jointly developed by Hive Energy and BuiltAfrica, aims to produce some of the world's cheapest green ammonia. The project, located at the port of Coega in Cape Town, seeks to leverage South Africa's infrastructure and abundant renewable energy sources to meet the growing demand for green ammonia in Europe and Asia. Ammonia, used in making fertilizers and as a means to deliver hydrogen, is in high demand for its role in reducing carbon emissions. The project plans to ship around one million metric tons of green ammonia annually by late 2029 at a cost of $650 per ton, offering a competitive edge over the global price of $760 per ton. With the potential to expand production to 4 million tons per year, the project aims to establish South Africa as a key player in the renewable energy market. Despite challenges posed by subsidy programs in other countries, the project remains optimistic about its competitive advantage due to the utilization of existing infrastructure and abundant wind and solar energy sources. The project is already in talks with potential customers in Europe, Japan, and Korea, showcasing a positive outlook for South Africa's green ammonia industry.