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SANDNES, Norway – 8 July 2022 – Horisont Energi (EURONEXT: HRGI) today announced that the Barents Blue project has awarded an extended concept study contract to Saipem, which will cooperate with technology licensor Haldor Topsoe to complete the work.

The project partners, Horisont Energi, Equinor and Vår Energi, have decided to perform additional and extended concept studies to mature and optimise the ammonia factory further. Previously it has been announced that concept studies for the clean ammonia factory planned at Markoppneset in Northern Norway have been completed. Now more detailed work will be performed by Saipem and Haldor Topsoe over the next three to four months, also providing valuable input into the impact assessment studies that are currently ongoing.

“Horisont Energi is committed to the Barents Blue project, which has the potential to be one of the most significant climate projects in Norway. This is a complex project, and Horisont Energi is putting substantial resources and project management experience into maturing the project in the best possible way.”
Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.

The core of the Barents Blue project is Europe’s largest clean ammonia production facility. The factory will produce ammonia based on natural gas from the Barents Sea. During the production process, CO2 will be captured and transported to an offshore reservoir called Polaris, where it will be permanently stored beneath the seabed.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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 natural and renewable gases, 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 company was founded in 2019 and is headquartered in Sandnes, Norway.

For further information, please contact:

Bjørgulf Haukelidsæter Eidesen
+47 990 36 892
bhe@horisontenergi.com

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