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 in discussions with infrastructure investors regarding project financing of Barents Blue ammonia plant
SANDNES, Norway - September 30, 2021 - Horisont Energi (EURONEXT: HRGI) is in
discussions with a number of infrastructure investors regarding project
financing of the company's share of the Barents Blue ammonia plant in
The process with the infrastructure investors started in the summer of 2020.
After signing confidentiality agreements with Horisont Energi, the invited
investors were presented to the project and invited into a due diligence
process. Relevant project information has been shared in a dedicated data room
in the first half of 2021.
"As communicated when we listed Horisont Energi, we value infrastructure funds
as a likely source of funding for the onshore ammonia facility. The previously
announced cooperation agreement with Equinor and Vår Energi forms a basis for
advancing the discussions with major international infrastructure investors.
Horisont Energi plans on signing a letter of intent with one or more of the
selected investors before the project's concept selection, scheduled in 2022,"
says Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.
The Barents Blue ammonia plant will be Europe's first large-scale production
facility for blue ammonia. CO2 captured during the production process will be
captured and permanently stored below the seabed offshore Finnmark in Northern
Norway. On September 9, 2021, Horisont Energi announced the signing of a
cooperation agreement with Equinor and Vår Energi, the two largest offshore oil
and gas producers in the Barents Sea region, for the development of Barents
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, 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 transported by ship to the
Polaris reservoir for storage, with an estimated capacity in excess of 100
million tons below the seabed offshore Finnmark, which is equivalent to twice
Norway's annual greenhouse gas emissions.
About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon storage services. The company transforms gas
and renewable energy into cost-leading clean ammonia and hydrogen, and offers
CO2 transportation and permanent storage solutions using proprietary technology,
paving the way for a low carbon economy. The company was founded in 2019 and is
headquartered in Sandnes, Norway. https://www.horisontenergi.no/
Dan Jarle Flølo, CFO
+47 901 13 159
+47 41 18 84 82
The information is such that Horisont Energi is required to disclose in
accordance with the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above, at
08:00 CEST on 30 September 2021.