HRGI signs MOU on development of ammonia terminal and storage facility

Horisont Energi and Koole Terminals B.V. (Koole Terminals), a liquid bulk storage company, announced the signing of a memorandum of understanding to collaborate on the development of a terminal and storage facility at the Port of Rotterdam.

According to the agreement, Horisont Energi (Oslo: HRGI, ) and Koole Terminals will explore establishing a strategic and collaborative relationship for the storage of ammonia produced and shipped from Norway to Rotterdam. The agreement will also cover technical and commercial conceptual models for the storage of ammonia products, services solutions, and technologies for further distribution to meet forecast demand in Northwest Europe. Koole Terminals has a storage capacity of over 4.1 million cubic meters and is connected to several transport modalities (i.e., ship, truck, rail, and pipeline) with direct pipeline connections to core clients.

“I’m excited to announce this agreement. As Horisont Energi and our partners work towards developing Europe’s first world-scale clean ammonia project, it is essential to establish relationships with key storage, handling, and transport partners in the region, to ensure our clean ammonia can reach all potential clients.”, said Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.

Horisont Energi recently announced a cooperation agreement with Equinor and Vår Energi, the two largest offshore oil and gas producers in the Barents Sea region, on the joint development of the Barents Blue project Europe’s first large-scale production facility for blue ammonia. The Barents Blue project is based on using natural gas, clean water, and renewable energy to produce clean ammonia, which is a key industrial gas used globally in the fertilizer and chemical sector and is a very efficient hydrogen carrier, making it one of the most promising fuels for decarbonization of parts of the maritime sector.

During the production process at the Barents Blue ammonia plant, more than 99 percent of the CO2 will be captured and permanently stored in the offshore Polaris reservoir below the seabed offshore Finnmark. Koole Terminals will play an important role in facilitating and supporting the distribution of ammonia from the Barents Blue production plant in Hammerfest, Northern Norway.

Author: KS

Source: Horisont Energi

Topic: Business | Ammonia