Should the grant be approved by the EU Commission and ESA, Horisont Energi, with partners, will proceed to the FEED phase of the Barents Blue project in 2022. Construction work is planned to take place from 2023 to 2025, and the plant is expected to be in operation around the turn of the year 2025-26.
Horisont Energi AS (EURONEXT: HRGI) and the Finnish energy company Helen have signed a memorandum of understanding for cooperation in hydrogen economy and carbon storage. The companies are jointly exploring carbon dioxide capture from power plant flue gases and the utilization, logistics, and storage of the recovered carbon dioxide.
Horisont Energi AS (EURONEXT: HRGI), Equinor ASA and Vår Energi AS have entered into an agreement to collaborate on the development of the carbon transportation and storage project Polaris, off the coast of Northern Norway.