Norwegian energy players St1 Nordic and Horisont Energi have signed a memorandum of understanding (MoU) to co-develop a green ammonia project in Finnmark, northern Norway.
The companies said that the partnership aims to produce green ammonia for a wide variety of renewable energy products for transport and industry.
St1 and Horisont Energi will conduct pre-studies for the potential of green ammonia production in Finnmark based upon electrolysis using wind power and hydrogen from various green feedstocks.
It will also explore the use of several new and alternative technologies in green ammonia production.
The partners will also explore the whole value chain for negative emissions – from carbon capture to final storage – to create carbon removal credits (CRCs) for commercialisation and contribute to related legislation development.
As a part of the study, the partners will also assess potential locations for green ammonia production in Finnmark.
The electrolyser will require the wind power that St1 plans to produce in Finnmark.
The company has already submitted a permit application for the development of the 800MW Davvi wind park and other pipeline projects.
“Driven by our vision to be a leading European provider of clean energy and carbon storage services, we are excited to be joining forces with St1 in bringing green products to market and exploring business models for negative emissions, as part of the global move toward decarbonisation.
“Green hydrogen converted to ammonia unleashes the potential of renewables, ensures energy system efficiency and enables a carbon-neutral source of fuel and heat for our homes, transport, and industry, thereby making it instrumental in meeting the EU’s climate objectives,” said Bjorgulf Haukelidsaeter Eidesen, CEO of Horisont Energi.
St1 Norway CEO Kristine Vergli Grant-Carlsen said: “We are delighted to be teaming up with Horisont Energi to assess the possibilities for developing this project together.”
“In addition, we are excited to further develop a commercial and regulated carbon marketplace for the trading of carbon removal credits.”
“In Horisont Energi, we have found a partner with competence and expertise that is a great fit in realising our vision to be the leading producer and seller of CO2-aware energy.”