SANDNES, Norway, ROTTERDAM, Netherlands – August 5, 2021 – Horisont Energi (EURONEXT: HRGI) and the Port of Rotterdam today announced that they have signed a memorandum of understanding regarding setting up a corridor for transport of blue ammonia from Norway to Rotterdam.

According to the agreement, Horisont Energi and the Port of Rotterdam will explore a collaboration to ship blue ammonia, produced in Northern Norway, from natural gas with carbon capture and storage, to the port of Rotterdam, where it will be received for further distribution to meet expected demand in Northwestern Europe.

Final investment decision for the production of blue ammonia at the Barents Blue project is expected towards the end of 2022. Blue ammonia could be shipped to Rotterdam by 2025. Once operational, Barents Blue will have a production capacity of 3000 tons of ammonia per day, or 1 million tons per year.

In addition to being a key industrial gas globally in the fertilizer and chemical sector, ammonia is a very efficient hydrogen carrier. This makes net zero CO2 emission ammonia one of the most promising fuels for decarbonization of the shipping industry.

“We’re excited to be working with the Port of Rotterdam to provide Europe with clean hydrogen and ammonia, while at the same time opening up a new and sustainable production region in the Barents Sea area for clean ammonia.”

Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.

The port of Rotterdam is an energy hub port for western Europe, with some 13 percent of total energy demand in Europe entering the EU via Rotterdam. The Port has the ambition to be net zero CO2 emission in 2050 while at the same time maintaining its pivotal role in the European energy system. The demand in Rotterdam is expected to be up to 20 million tons of hydrogen, equivalent to 100 million tons of ammonia, in 2050, according to Port of Rotterdam estimates.

“There’s an important role for blue hydrogen if we want to realize the international climate ambitions. This is because especially in the coming years, there will not be enough green hydrogen to meet the demand. We’ll need every possible solution. We therefore focus not only on green but also on blue, just as we don’t only look at local production but also at imports.”

Nico van Dooren, director New Business at the Port of Rotterdam.


Attached are artist impressions of the Barents Blue facilities.


Further information:

Horisont Energi
Investor relations
Dan Jarle Flølo, CFO
+47 901 13 159
djf@horisontenergi.com

Media Relations
Marianne Stigset
+47 41 18 84 82
Marianne.Stigset@corpcom.no

Port of Rotterdam
Media Relations
Sjaak Poppe
+31 6 224 66 553
s.poppe@portofrotterdam.com

About Horisont Energi

Energi Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy start-up that provides clean energy and carbon storage services at industrial scale. The company transforms gas into cost-leading clean 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. https://www.horisontenergi.no/

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 in 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. Currently entering the concept phase, an investment decision for Polaris and the Barents Blue project is expected towards the end of 2022.

About the Port of Rotterdam

The aim of the Port of Rotterdam Authority is to strengthen the competitive position of the port of Rotterdam as a logistics hub and a world-class industrial complex in terms of both size and quality. The Port Authority is able and willing to make an impact and so it is focusing on accelerating sustainability in the port and it is a partner in the digitalisation of the port and logistics chains. The Port Authority’s core tasks are the sustainable development, management and operation of the port, the maintenance of the smooth and safe handling of shipping and supporting the future-resilience of the port of Rotterdam.

Port area: 12,500 hectares (land & water, including approximately 6,000 hectares of industrial sites). The port area is more than 40 kilometres long. Employment: (direct and indirect) 385,000 jobs in the Netherlands. Goods throughput: approximately 440 million tonnes of goods a year. Shipping: approximately 30,000 seagoing vessels and 100,000 inland vessels annually. Added value: (direct and indirect) €45.6 billion, 6.2% of Dutch GDP.