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.

BY MAZ PLECHINGER

Published: 18.02.21 at 09:20

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.

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