Norwegian consortium to build Europe's first green, large-scale ammonia plant

Utility Statkraft signs a letter of intent with Yara and Aker Horizons on production and development of green hydrogen and ammonia. The project "has the potential to become one of the largest climate initiatives in Norway’s industrial history," reads a statement.

Photo: Statkraft / Ole Martin Wold

A consortium of Norwegian heavyweights mean to pave the way for green ammonia production. Statkraft, Yara and Aker Horizons have signed a letter of intent on a partnership that will produce and develop a value chain for green hydrogen and ammonia in Norway, initially intending to reorganize production at Yara's ammonia factory in Herøya, which has an annual production of 530,000 tonnes.

"This is not just a unique decarbonisation project, but a strategic investment that can establish new value chains for green hydrogen and green ammonia. Yara is a world leader in ammonia, with long experience and leading position within global ammonia production, logistics and trade. With Statkraft and Aker Horizons onboard we gain key expertise within renewable electricity, power markets, industrial development and project execution, giving us a unique opportunity to realize the project," says Yara President and Chief Executive Svein Tore Holsether.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs