Horisont Energi and Helen enter cooperation for CCUS

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.

“Carbon dioxide is a climate-warming greenhouse gas, but it can also be utilized as a raw material for various products. Among other things, carbon dioxide can be used to manufacture chemical industry products or carbon-neutral fuels for transport.” Tuukka Hartikka, Business Lead, Renewable Hydrogen and PtX from Helen.

“Industrial decarbonization is central to reaching net-zero emission targets, and cost-effective carbon value chains will be a key component in achieving this. Horisont Energi aims to provide cost-leading carbon storage across the Norwegian Continental Shelf in the coming years, and the collaboration with Helen is an important step in opening up our activities further toward 3rd party carbon storage.” Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.

Horisont Energi participates in the EU Hydrogen IPCEI (Important Projects for Common European Interest) call with its world-scale clean ammonia project in Northern Norway. The objective of the hydrogen IPCEI is to create value chains related to the production and use of hydrogen and enable sufficient funding for these important projects. Helen is involved in supporting Horisont Energi’s project.