Norway could soon be home to what is thought to be Europe’s first large-scale green ammonia project as part of a new effort to recognise hydrogen’s role in the green energy transition.
Yara International, Statkraft and Aker Horizons have joined forces on the project that will target green hydrogen and ammonia opportunities within shipping, agriculture and industrial applications.
It is thought this can be achieved through the electrification and decarbonisation of Yara’s ammonia plant in Porsgrunn, Norway.
The conversion is believed to be one of the largest climate initiatives in Norway’s industrial history, targeting annual carbon reductions equivalent to the emissions from more than 300,000 fossil fuel passenger cars.
Provided that power is available at the site and the required public co-funding is in place, the project could be realised within five to seven years.
“This is not just a unique decarbonisation project, but a strategic investment that can establish new value chains for green hydrogen and green ammonia,” said Svein Holsether, President and CEO of Yara.
“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 realise the project.”
“A partnership with Yara and Statkraft, two fellow Norwegian industrial pioneers, marks the beginning of a new industrial adventure in Norway,” said Øyvind Eriksen, President & CEO of Aker ASA and Chairman of Aker Horizons.
“The first project in Porsgrunn can be a lighthouse project – providing competitive advantage in a growing global hydrogen economy and building on existing capabilities in the Norwegian supplier industry to create new jobs for the future.”
In addition to the Porsgrunn project, the three companies plan to explore the potential for green ammonia production in Northern Norway as a future opportunity.
“Statkraft is Europe’s largest producer of renewable energy. Norway’s rich renewable energy resources are one of our most important competitive advantages.” commented Statkraft CEO Christian Rynning-Tønnesen.
“This project paves the way for new industrial development and can at the same time give Norway’s important maritime sector a new competitive advantage, namely access to an efficient and emission-free energy source on a large scale.”