SANDNES: Norwegian clean energy developer Horisont Energi AS said on Friday it will begin an orderly wind-down of operations by the end of September, citing persistent market headwinds and a failure to secure strategic investment. The company, which spun off its Barents Blue ammonia project in June, has struggled to attract capital for its remaining…
SANDNES, NORWAY: Horisont Energi AS and the Finnish energy company Helen Ltd have signed a memorandum of understanding for cooperation in the areas of hydrogen economy & carbon storage. The companies are jointly exploring the capture of carbon dioxide from power plant flue gases and the utilization, logistics and storage of the recovered carbon dioxide. “Carbon dioxide is a…
SANDNES, NORWAY: Horisont Energi and Koole Terminals B.V. announced the signing of a memorandum of understanding to collaborate on the development of a terminal and storage facility at the Port of Rotterdam. According to the agreement, Horisont Energi and Koole Terminals will explore the establishment of a strategic and collaborative relationship for storage of ammonia…
SANDNES, NORWAY: Horisont Energi is in discussions with a number of infrastructure investors regarding project financing of the company’s share of the Barents Blue ammonia plant in Hammerfest, Norway. The process with the infrastructure investors started in the summer of 2020. After signing confidentiality agreements with Horisont Energi, the invited investors were presented to the…
SANDNES, NORWAY: Horisont Energi has selected Saipem S.p.A. and Technip Energies B.V. for two independent concept studies for the full conceptual design of the Barents Blue carbon-neutral ammonia plant in Hammerfest, northern Norway. The studies will be key for future decisions to realize the Barents Blue project. “By engaging Saipem and Technip Energies, two leading…
SANDNES, NORWAY: Horisont Energi AS has completed the feasibility phase of the Barents Blue project, laying the foundation for Europe’s first large-scale carbon-neutral ammonia plant, which will include offshore carbon storage. “The work carried out with our partner Haldor Topsøe A/S is pioneering and sets the global standard for blue hydrogen and ammonia plants, with…
SANDNES: Horisont Energi has signed a Memorandum of Understanding (MOU) with TGS, a global provider of energy data and intelligence, to jointly develop new Carbon Capture and Storage (CCS) technologies. The MOU between the companies signifies a unique collaborative effort to identify and develop efficient methods for both the identification and classification of CO2 storage…
SANDNES: Horisont Energi, the Norwegian carbon tech start-up, is further expanding its commitment to clean energy by joining the European Clean Hydrogen Alliance (ECH2A). The European Clean Hydrogen Alliance was formed as part of the European Union’s New Industrial Strategy for Europe in July 2020 in the context of the hydrogen strategy for a climate-neutral…
HOUSTON: Baker Hughes and Horisont Energi have signed a memorandum of understanding (MoU) for the Polaris carbon storage project off the northern coast of Norway, a news release said on Tuesday. Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost and delivery time of…