HRGI signs agreement with Wood

Horisont Energi announced that it has entered into a framework agreement with global consulting and engineering company Wood.

Wood will support Horisont Energi with a broad suite of services covering both offshore and onshore areas.

Horisont Energi (OSL: HRGI, ) recently announced a cooperation agreement with Equinor and Vår Energi on the joint development of the Barents Blue project, Europe’s first large-scale production facility for blue ammonia. Wood will play an important role in supporting the Barents Blue project with engineering and other services through the announced frame agreement.

“I’m excited to announce this agreement. As Horisont Energi and our partners aim to build Europe’s first world-scale clean ammonia project with offshore CO2 storage, it is essential to establish long-term relationships with the strongest partners in the industry. (…)” said Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.

Barents Blue is Horisont Energi’s first project. Located in Finnmark in Northern Norway and based on natural gas from the Barents Sea, the project includes a clean ammonia plant and storage of CO2 from the production process below the seabed.

“Wood is focused on supporting its clients through the global energy transition. Ammonia is one of the world’s most widely used industrial gases, and we’re pleased to be supporting Horisont Energi’s ambitious plans to decarbonize this vital product,” said Andy Hemingway, President Energy, Optimisation and Innovation at Wood.

Author: KS

Source: Horisont Energi

Topic: Business

Market: Hydrogen Stocks