Sandnes, Norway - 14 February 2025: Horisont Energi (EURONEXT: HRGI) and
Fertiberia joined forces to develop the clean ammonia project Barents Blue in
August 2023. The collaboration between the two companies will end 28 February
2025.   
  
Horisont Energi has previously communicated the intention of onboarding
additional industrial partners to further strengthen the Barents Blue project.
This work is ongoing and updates on new partnerships for the project will be
provided to the market in due course. This is part of the strategic review that
Horisont Energi announced on 24 September 2024.   
  
About Barents Blue  
The Barents Blue project, being developed by Horisont Energi is a clean ammonia
plant located at Markoppnes in Northern Norway. The annual production for the
first phase of the project will be 1 million tonnes. With a best-in-class carbon
capture rate above 99% this will be the most energy-efficient clean ammonia
plant in the world, well-aligned with the EU taxonomy. Barents Blue has secured
sufficient power supply for the first phase of the project. The Barents Blue
project is supported by a grant of NOK 482 million as part of the EU IPCEI
hydrogen program, Hy2Use. The project targets final investment decision 2026 and
estimated production start in 2029/2030.  
  
For more information:   
Bjørgulf Haukelidsæter Eidesen, Co-CEO   
+ 47 990 36 892   
bhe@horisontenergi.com    
   
Leiv Kallestad, Co-CEO    
+ 47 958 95 661    
Leiv.kallestad@horisontenergi.com    
   
About Horisont Energi    
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon transport and storage services. The company
plan to transform gas, water and renewable energy into cost-leading clean
ammonia and hydrogen and offer CO2 transportation and storage services using
proprietary technology, paving the way for a low carbon economy. The Horisont
Energi group includes three subsidiaries: Horisont Ammoniakk for the clean
ammonia business