Aker Horizons, Statkraft and Yara Partner to Establish Green Ammonia Project
February 18 2021 - 3:21AM
Dow Jones News
By Dominic Chopping
Norwegian companies Aker Horizons AS, Statkraft AS and Yara
International ASA said Thursday that they have signed a letter of
intent aiming to establish an industrial-scale green ammonia
project in Norway and enable the hydrogen economy.
The first project in the partnership will be to electrify Yara's
existing ammonia facility in Porsgrunn, Norway.
"This is not just a unique decarbonization project, but a
strategic investment that can establish new value chains for green
hydrogen and green ammonia," said Svein Tore Holsether, Chief
Executive of Yara.
The Porsgrunn project could be realized within five to seven
years, they said.
The partners will target green hydrogen and green ammonia
opportunities within shipping, agriculture and industrial
applications, they said.
The companies said that ammonia is the most promising hydrogen
carrier and zero-carbon shipping fuel, as it doesn't need to be
refrigerated to the same temperatures as hydrogen, and has a higher
energy density than liquid hydrogen, making it more efficient to
transport and store.
"For hydrogen to be exported or used in long-haul shipping or
fertilizer production, it needs to be converted to ammonia," said
Mr. Holsether.
Aker Horizons will carry out the project through its Aker Clean
Hydrogen subsidiary, a new Aker Horizons company established to
design, build, own and operate major hydrogen facilities
globally.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 18, 2021 04:06 ET (09:06 GMT)
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