Horisont Energi and Fertiberia joined forces to develop the clean ammonia project Barents Blue in August 2023. The collaboration between the two companies will end 28 February 2025.
Horisont Energi has previously communicated the intention of onboarding additional industrial partners to further strengthen the Barents Blue project. This work is ongoing and updates on new partnerships for the project will be provided to the market in due course. This is part of the strategic review that Horisont Energi announced on 24 September 2024.
About Barents Blue
The Barents Blue project, being developed by Horisont Energi is a clean ammonia plant located at Markoppnes in Northern Norway. The annual production for the first phase of the project will be 1 million tonnes. With a best-in-class carbon capture rate above 99% this will be the most energy-efficient clean ammonia plant in the world, well-aligned with the EU taxonomy.?Barents Blue has secured sufficient power supply for the first phase of the project. The Barents Blue project is supported by a grant of NOK 482 million as part of the EU IPCEI hydrogen program, Hy2Use.?The project targets final investment decision 2026 and estimated production start in 2029/2030.
Source: Horisont Energi
