Horisont Energi and Equinor have entered into an agreement

24 May, 2021

Horisont Energi and Equinor have entered into an agreement to further mature the carbon transportation and storage project Polaris, off the coast of Northern Norway.

The Polaris carbon storage is expected to have a total of 100 million tons, which is equivalent to twice Norway’s annual greenhouse gas emissions. The offshore carbon storage reservoir is a key part of the planned Barents Blue project, which will be Europe’s first world-scale carbon neutral ammonia production plant. If developed, Barents Blue will have a production capacity of 3000 tons of ammonia per day, making it one of the largest ammonia plants in the world.

In its first phase, the facility will convert natural gas from the Barents South region to carbon neutral blue ammonia, an easily transportable hydrogen carrier, which can be converted back to hydrogen at a destination or used directly in many applications. Currently at the end of the feasibility phase and soon entering the concept phase, an investment decision for Polaris and the Barents Blue project is expected towards the end of 2022.

In December 2020 Horisont Energi entered into a Memorandum of Understanding with Equinor for joint feasibility studies for the Barents Blue project. The plant is intended to have the capacity to produce more than 1 million tons of blue ammonia per year once operational in 2025, and will have a CO2 capture rate above 99 percent, making it the most carbon-efficient gas fed ammonia plant in the world. In the first phase of the project, Polaris will store 2 million tons of CO2 annually from the Barents Blue ammonia production.

Author: KS / Source: Horisont Energi