Kurs & Likviditet
|Sektor||Energi & Miljö|
|2022-04-01||Extra Bolagsstämma 2022|
|2021-04-29||Ordinarie utdelning HRGI 0.00 NOK|
|2021-02-19||Extra Bolagsstämma 2021|
HRGI: Horisont Energi, Equinor and Vår Energi enter cooperation agreement for Barents Blue ammonia plant
SANDNES, Norway - September 9, 2021 - Horisont Energi (EURONEXT: HRGI), Equinor
and Vår Energi have entered into a cooperation agreement for the development of
Barents Blue, Europe's first large-scale production facility for blue ammonia.
"This agreement means that we are now moving forward in the Barents Blue project
with two industrial partners with a strong local presence. They have a long-term
perspective and bring extensive experience with large and complex technical
projects. This is a major step forward for Barents Blue," says Bjørgulf
Haukelidsæter Eidesen, CEO of Horisont Energi.
Equinor and Vår Energi are the two largest offshore oil and gas producers in the
Barents Sea region, which are supposed to be among the natural gas suppliers to
the Barents Blue ammonia plant.
The Barents Blue project is based on using natural gas to produce ammonia, which
is a key industrial gas used globally in the fertilizer and chemical sector and
is a very efficient hydrogen carrier, making it one of the most promising fuels
for decarbonisation of parts of the maritime sector. During the production
process in the Barents Blue ammonia plant, more than 99 percent of the CO2 in
the process gas will be captured and permanently stored in the offshore Polaris
reservoir below the seabed offshore Finnmark. The Polaris reservoir may have a
storage capacity in excess of 100 million tons, which is equivalent to twice
Norway's annual greenhouse gas emissions.
"The Barents Blue ammonia plant is planned to consist of three process trains
which may be developed simultaneously or sequentially including all required
utilities for producing blue ammonia. Each train calls for a facility producing
approximately 1 million tons of pure ammonia per year, potentially permanently
storing 2 million tons of CO2 annually, making Barents Blue one of Norway's
largest environmental projects," says Eidesen.
About Barents Blue
Barents Blue will provide Europe's first large-scale clean ammonia production.
Based on natural gas from the Barents Sea, it will include a world-scale clean
ammonia plant located in Finnmark in Northern Norway. Barents Blue will have a
production capacity of 3000 tons of ammonia per day once operational. During the
production process, carbon will be captured and permanently stored in the
About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian carbon tech company that
provides clean energy and carbon storage services. The company transforms gas
into cost-leading ammonia and hydrogen, and offers CO2 transportation and
storage solutions using proprietary technology, paving the way for a low carbon
economy. The company was founded in 2019 and is headquartered in Sandnes,
Equinor is an international energy company with activity in around 30 countries.
Based on more than 45 years of experience from oil and gas production on the
Norwegian Continental Shelf and a growing portfolio of renewable power
production and low carbon projects, Equinor creates value through safe and
efficient operations, innovative solutions and technology. Equinor has its
headquarter in Stavanger with around 20.000 employees worldwide and the company
is listed in New York and Oslo.
About Vår Energi
Vår Energi is the largest independent operator on the Norwegian Shelf. Based on
more than 50 years of active participation in Norway, the company was
established in 2018 through the merger between several legacy companies. Vår
Energi targets value creation through growth in core areas, whilst ambitiously
reducing its climate emissions and ensuring safe operations. Vår Energi is
jointly owned by Eni S.p.A and HitecVision, is headquartered in Sandnes with
office locations in Hammerfest and Oslo.
Dan Jarle Flølo, CFO
+47 901 13 159
+47 41 18 84 82