SANDNES, Norway – October 6, 2021 – Horisont Energi (EURONEXT: HRGI) today announced that it has entered into a framework agreement with leading global consulting and engineering company Wood.

Wood will support Horisont Energi with a broad suite of services covering both offshore and onshore areas in the capacity as a Specialist Engineering and Management Consultancy Contractor, as Horisont Energi continues to mature projects within clean ammonia and hydrogen.

Horisont Energi recently announced that a cooperation agreement has been entered into with Equinor and Vår Energi on the joint development of the Barents Blue project, Europe’s first large-scale production facility for blue ammonia. Wood will play an important role in supporting the Barents Blue project with engineering and other services through the announced frame agreement.

“I’m excited to announce this agreement. As Horisont Energi and our partners aim to build Europe’s first world-scale clean ammonia project with offshore CO2 storage, it is essential to establish long-term relationships with the strongest partners in the industry. Wood has unrivaled experience from complex energy-related projects worldwide.”
Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.

Barents Blue is Horisont Energi’s first project. Located in Finnmark in Northern Norway and based on natural gas from the Barents Sea, the project includes a clean ammonia plant and storage of CO2 from the production process below the seabed.

“Wood is focused on supporting its clients through the global energy transition. Ammonia is one of the world’s most widely used industrial gases, and we’re pleased to be supporting Horisont Energi’s ambitious plans to decarbonize this vital product.”
Andy Hemingway, President Energy, Optimisation and Innovation at Wood.

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

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. www.horisontenergi.no

About Wood

Wood is a global leader in consulting and engineering across energy and the built environment, helping to unlock solutions to some of the world’s most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people. www.woodplc.com

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