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Energy Business
Charley Rattan
Charley Rattan
Top Contributor
·Posted in Energy Business
Mon, Oct 16

Statkraft, Aker Horizons to establish Narvik green ammonia project

 

Statkraft announced that it has joined Aker Horizons as a partner on the large-scale green hydrogen and ammonia project in Narvik, Norway.

The project in Kvandal, Narvik, is set to have a capacity of up to 600 MW, making it one of Europe's first large-scale green ammonia plants, with an estimated daily production of 1,000 - 1,500 tonnes.

Aker Horizons ASA (OSE: AKH), a developer of green energy and industry,  signed a 10-year power purchase agreement in July (PPA) with Statkraft, Europe’s largest generator of renewable energy, securing a significant amount of the renewable power required for its large-scale green ammonia plant under development in Narvik, northern Norway.

The PPA with Statkraft covers the Narvik plant’s first 10 years of operations, from commencement in 2028. The facility, with a planned capacity of up to 600 MW, will be one of the first large-scale green ammonia production facilities in Europe, with an expected production of between 1,000 and 1,500 tonnes per day.

The plan is to reach a final investment decision in 2025 and commence commercial operations by 2028. Statkraft and Aker Horizons are collaborating to establish Narvik Green Ammonia DA, with the aim of owning the project together. They've also signed letters of intent with major European energy, industrial, and chemical companies.

“Collaborating with Aker Horizons to develop a large-scale green ammonia project in Narvik fits well with our ambition to become a significant player in the market for green hydrogen and hydrogen-based energy products. Statkraft wants to build new green industry based on renewable energy. Through the production of an industrial product such as green ammonia, we can contribute both to cutting emissions, driving the transition necessary and creating jobs locally,” says Bjørn Holsen, SVP for Hydrogen in Statkraft.  

Demand for green hydrogen and its derivatives, like ammonia, is on the rise, especially for heavy-duty transport and shipping, as well as decarbonizing industries. The project positions Narvik Green Ammonia to contribute to the supply of hydrogen from Norway to Germany by 2030,

The green hydrogen and ammonia site in Narvik is anticipated to support the EU’s goal of producing and importing 10 million tonnes of green hydrogen by 2030.

 

 

 

Ammonia and Hydrogen

 

 

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