Sandnes, Norway - 29 April 2024 - Horisont Energi's (EURONEXT: HRGI) Gismarvik
CO2 Hub has been included in the EU list of Project for Mutual Interest (PMI) as
part of the European Nautilus CCS network.  
 
"This is a validation of the potential of this network to contribute to creating
a European CCS market and support EU's energy and climate targets. The Nautilus
CCS network involves close cooperation between several leading CCS companies and
will open access to public support programs designed to support an acceleration
of the energy transition," says Bjørgulf Haukelidsæter Eidesen, Co-CEO of
Horisont Energi. 
 
The so-called PMIs are cross-border energy infrastructure projects between the
EU and non-EU countries, with a purpose to fast-forward the energy transition
through more integrated energy systems. These projects will support rapid
decarbonization, electrification and increased production of renewable energy.
All PMI projects are subject to a mandatory sustainability assessment. 
 
"The PMI status is a recognition of the Gismarvik CO2 Hub and its part in
decarbonizing Europe together with leading energy and CCS companies in the
Nautilus CCS network. We will continue our work to develop a European CCS market
through industrial partnerships and by leveraging the EU frameworks and funding
programs to expedite the green transition", says Haukelidsæter Eidesen. 
 
Horisont Energi is developing the Gismarvik CO2 Hub into a large-scale, cost and
energy-efficient fit-for-purpose terminal concept. The terminal offers an
efficient logistic solution for multiple carbon storage licenses, and with a
capacity of up to 24 million tons per annum it is the largest planned CO2
terminal in Norway and among the largest in Europe. The terminal is
strategically situated by the North Sea in a promising carbon storage area
southwest of the Norwegian coast in Rogaland.  
 
The Nautilus PMI project is one of 14 CO2 network projects established to create
a market for CCS and bring together several infrastructure initiatives including
export hubs. The project encompasses the development of pipeline transport and a
terminal in Dunkirk in France, CO2 infrastructure including potential
repurposing of existing pipelines in Normandy, the creation of a multimodal hub
in Duisburg in Germany, and connections via shipping to CO2 storage sites in the
North Sea. The Gismarvik CO2 Hub in Norway is planned as a receiver for large
CO2 vessels that can carry either low- or medium-pressure CO2 and will include a
terminal and injection service to transport CO2 from the terminal to permanent
sequestration offshore. 
 
The Governments of Norway, Denmark, Sweden, Belgium, and the Netherlands earlier
in April concluded international arrangements on transport and storage of carbon
across borders, which was crucial for the commercialization of CO2 transport and
storage on the Norwegian continental shelf. 
 
The Gismarvik CO2 Hub terminal is a part of Horisont Infra, as subsidiary of
Horisont Energi established to facilitate pure-play partnerships within
mid-stream carbon storage infrastructure. Horisont Energi has previously entered
into an MOU with Koole terminals to develop CCS opportunities and signed a term
sheet with E.ON for CO2 volume deliveries to sequestration. The Gismarvik CO2
Hub will have all necessary infrastructure in place to become an aggregator for
international and local CO2 customers, including power and water access and a
deep-sea water harbor basin, and is currently undergoing a permitting process.  
 
 
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  
 
Siri Melberg, Head of branding & communication  
+ 47 470 35 718 
sm@horisontenergi.com 
 
About PMI in EU 
The Projects of Mutual Interest (PMI) are launched as a European Commission
initiative to make EU's energy system fit for the future and is aligned with the
European Green Deal. The key cross-border infrastructure projects will help the
EU reach its ambitious energy and climate goals. The projects will benefit from
streamlined permitting and regulatory procedures and become eligible for EU
financial support from the Connecting Europe Facility (CEF). 
Read more: https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6047 
 
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
will 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,
Horisont Karbon for the carbon storage business and Horisont Infra for the
mid-stream CCS infrastructure. The company was founded in 2019 and is
headquartered in Sandnes, Norway. 
www.horisontenergi.no  
 
You can follow us on:  
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