Norwegian state-owned renewable energy producer Statkraft said Monday that it has joined Aker Horizons as a partner on the large-scale green hydrogen and ammonia project in Narvik, Norway.
Demand for hydrogen and hydrogen derivatives such as ammonia is expected to grow significantly in the coming decade, notably as fuel for heavy-duty transport and shipping, and to decarbonize industry that currently uses fossil fuels or hydrogen produced from fossil fuels, the companies said.
They will develop and mature the project together, with the aim of establishing a jointly owned company, Narvik Green Ammonia.
“The Norwegian and German governments have established a joint task force to work on enabling the large-scale supply of hydrogen from Norway to Germany by 2030,” said Sverre Isak Bjorn, asset development director at Aker Horizons.
“The partnership established between Statkraft and Aker Horizons constitutes an important step forward in positioning Narvik Green Ammonia to contribute to this supply.”
Commercial operations at the project are expected to start in 2028.
Source : Market Watch
