SANDNES - March 3, 2022 - Horisont Energi (EURONEXT: HRGI) and the energy
company St1 Nordic Oy invite municipalities in the Finnmark region to discuss
potential locations for a green ammonia plant in Finnmark based on new renewable
energy. 

In August 2021, Horisont Energi and St1 announced plans for a pre-study to
explore the opportunities for a green ammonia plant, to develop a concept for a
hybrid ammonia plant which will set a new standard for energy efficiency and
cost efficiency for production of green ammonia. The concept will consist of
hydrogen production from electrolysis from water, and hydrogen production based
on biomass or biomethane. 

"We truly believe that Finnmark is one of the best places in the world to locate
facilities to be competitive in the market for green ammonia," says Horisont
Energi CEO Bjørgulf Haukelidsæter Eidesen.
The facilities can provide positive ripple effects for the host municipality,
including new local and regional jobs and potential synergies with the fish
farming industry utilising biogas. 

"We are sending invitations to all municipalities with a coastline in Finnmark.
We hope that this process can crystalise opportunities that fit our needs," says
Eidesen.
The invitation is sent to the municipalities of Loppa, Hasvik, Alta, Hammerfest,
Kvalsund, Måsøy, Porsanger, Nordkapp, Lebesby, Tana, Gamvik, Berlevåg, Nesseby,
Sør-Varanger, Vadsø, Båtsfjord,  Vardø, and Troms and Finnmark county. 

For more information please contact: 
Bjørgulf Haukelidsæter Eidesen
+47 990 36 892
bhe@horisontenergi.com

Siri Melberg, 
+47 470 35 718
sm@horisontenergi.com  

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, Norway.
www.horisontenergi.no 

About St1
St1 Nordic Oy is a Nordic energy Group whose vision is to be the leading
producer and seller of CO2-aware energy. The Group researches and develops
economically viable, environmentally sustainable energy solutions. St1 focuses
on fuels marketing activities, oil refining and renewable energy solutions such
as waste-based advanced ethanol fuels and industrial wind power. The Group has
1.250 St1 and Shell branded retail stations in Finland, Sweden, and Norway.
Headquartered in Helsinki, St1 currently employs c. 1.000 people. www.st1.com