Hynfra P.S.A. has signed a memorandum of understanding (MoU) with a Philippine partner to jointly develop a large-scale green ammonia production project on Mindoro Island, with an estimated investment value of USD 1–1.5 billion.
The agreement marks the beginning of technical, environmental, and commercial feasibility studies aimed at advancing the project toward investment readiness. The Philippine partner will contribute local market expertise and institutional networks, while Hynfra will lead technology selection, feasibility assessments, financing strategy, and offtake arrangements.
The proposed facility is designed to initially produce around 100,000 tonnes of green ammonia annually, with potential expansion capacity of up to 1 million tonnes. The project will integrate renewable energy generation, ammonia synthesis facilities, storage infrastructure, and export logistics systems.
According to Hynfra, the development aligns with rising demand for low-emission ammonia across East Asia, where countries such as Japan, South Korea, Taiwan, and China are expanding ammonia and hydrogen-based fuel strategies under national decarbonisation plans.
CEO Tomoho Umeda said the Philippines offers strong potential due to its renewable energy resources and strategic location near key East Asian markets, enabling efficient supply routes and reduced exposure to high-risk maritime corridors.
The company also highlighted the Philippines as a potential “friendshoring” hub that could support supply chain diversification amid global trade and energy route vulnerabilities.
The project is part of Hynfra’s broader expansion strategy across the Pacific Basin, where it is also exploring hydrogen and ammonia developments in Malaysia, Alaska, Jordan, Mauritania, and Oman.
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