Horisont Energi sign Letter of Intent with VNG Handel & Vertrieb GmbH

Horisont Energi sign Letter of Intent with VNG Handel & Vertrieb GmbH

Horisont Energi, a leading energy company, has recently signed a Letter of Intent with VNG Handel & Vertrieb GmbH for the offtake of clean ammonia from the Barents Blue project, which is set to be Europe’s largest clean ammonia plant. This collaboration is a significant step forward in meeting the growing demand for clean ammonia and hydrogen.

The Barents Blue project, in conjunction with the Polaris CCS project, aims to produce clean ammonia with an impressive 99 percent CO2 capture rate, resulting in a substantially lower carbon footprint compared to conventional production methods. By offering clean ammonia, Barents Blue contributes to the decarbonisation efforts of various industries such as fertilisers, shipping, and more.

Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi, expressed enthusiasm about the partnership with VNG AG, stating that it strengthens the development of Barents Blue and the clean ammonia value chain. Horisont Energi is pleased to collaborate with such a competent organisation and a dedicated team.

VNG AG, known for its reliable relationships with Norwegian energy companies spanning over three decades, views this agreement as a significant step towards deepening the German-Norwegian partnership in the energy sector. Ulf Heitmüller, CEO of VNG AG, emphasised that the demand for blue ammonia will multiply in the coming years as it serves as a hydrogen carrier and aids in the decarbonisation of various industries.

The collaboration between Horisont Energi and VNG AG highlights the collective effort to drive forward the decarbonisation goals in the energy sector, contributing to a more sustainable future.

For more information visit www.horisontenergi.no

10th November 2023