H₂Infra NV, a subsidiary of CMB.TECH, will become the sole shareholder of Cleanergy Solutions Namibia following the acquisition of the 51% shareholding currently held by the Ohlthaver & List (O&L) Group of Companies.
The transaction remains subject to approval by the Namibian Competition Commission.
CMB.TECH, a global leader in clean fuel and hydrogen technologies, said it is ideally positioned to steer Cleanergy into its next growth phase, bringing world-class expertise, innovation and investment capacity to strengthen the company’s contribution to Namibia’s sustainable energy landscape.
“As O&L, we are immensely proud of our role in co-founding Cleanergy and laying the cornerstone of Namibia’s green hydrogen future,” said Sven Thieme, Executive Chairman of the O&L Group.
“This milestone reflects our longstanding purpose of creating a future where we enhance life and our commitment to pioneering industries that empower Namibia’s economy and enable sustainable, future-ready opportunities.”
The establishment of Cleanergy Solutions Namibia, a joint venture between O&L and CMB.TECH, marked a significant step in the country’s journey toward developing a green hydrogen economy.
As a founding shareholder, O&L played a central role in conceptualising, developing and commissioning the Hydrogen Dune pilot project in Walvis Bay — the first public green hydrogen refuelling station in Namibia and the wider region.
Commenting on the transition, a CMB.TECH Spokesperson said the company was grateful for O&L’s role in the partnership.
“We are deeply grateful to O&L for their foundational contributions and collaborative spirit throughout our joint venture. Together, we successfully delivered Namibia’s first public green hydrogen refuelling station — a landmark achievement that demonstrates the power of partnership and innovation.
“As we assume full ownership, we want to reassure all stakeholders that Cleanergy’s future plans and projects will continue as planned. Our commitment to local impact, environmental responsibility, and innovation remains unwavering. With a growing team of employees, we are eagerly looking forward to the next project phases, including ammonia production, storage, berthing and pipeline development.”
According to O&L, the transition allows the Group to continue its pioneering legacy by strengthening its business portfolio and pursuing new ventures that set benchmarks for Namibia’s future.
O&L said it remains committed to supporting national sustainability priorities through innovation, collaboration and strategic investment while exploring growth opportunities that advance economic development, industrial diversification and long-term prosperity.
“While our shareholder chapter in Cleanergy comes to an end, our partnership story with CMB.TECH does not,” Thieme said.
“We look forward to continued collaboration with CMB.TECH on future pioneering projects that advance Namibia’s and Africa’s energy transition.”
O&L expressed appreciation to both the Cleanergy Solutions Namibia and CMB.TECH teams for their “dedication and shared vision”, adding that under full ownership by CMB.TECH, Cleanergy Solutions Namibia would continue to drive “transformative progress” for Namibia and contribute to the global shift toward sustainable energy.
