Horisont Energi presents at Pareto Securities' 25th annual Power & Renewable Energy Conference 28 February 2023?

28 Feb 2023 07:30 CET

SANDNES, Norway – 28 February 2022 – Horisont Energi (EURONEXT: HRGI) will
present at the Pareto Securities' 25th annual Power & Renewable Energy
Conference in Oslo today. The company will present an update on the Barents Blue
project following the announcement of the cooperation agreement with the Spanish
ammonia specialist Fertiberia, as well as insights into Horisont Energi’s carbon
capture and storage (CCS) growth strategy and the Errai CCS project.  
 
Errai 
Horisont Energi in partnership with Neptune Energy in December 2022 applied for
a license to jointly develop the Errai area for storage of CO2. The Company is
awaiting license approval during the first half of 2023, which will enable the
first commercial CO2 storage project in Norway. Provided that approval is
obtained, the partners aim for a final investment decision in 2024 and start-up
in 2026. Horisont Energi has secured the location for an onshore terminal in
Rogaland. Furthermore, Horisont Energi and Neptune Energy in February signed an
MOU with the multinational energy company E.ON for development of an end-to-end
CCS value chain in Europe. 
 
Barents Blue 
Fertiberia adds more than five decades of ammonia operational experience and
supply chain knowhow for realization of the planned Barents Blue clean ammonia
project at Markoppneset. To simplify the project and modification scope at the
Melkøya gas plant, the project scope has been reduced from maximum three to two
production lines (trains), with a clear focus on the first train and
corresponding planned gas sourcing from Snøhvit. This reduces the maximum power
from grid from 105 MW to 70 MW, but with a focus on one train the power need is
35 MW. The preferred power solution is grid connection, but alternative
solutions exist hence no power from grid is not a project showstopper. Target
date for establishing a Barents Blue SPV and Fertiberia entering as 50% partner
into Barents Blue is May 2023. Horisont Energi is also in dialogue with several
interested parties for entering into the Polaris carbon storage license as
operator. Production start-up for the Barents Blue project has been updated and
is now scheduled for 2028 with investment decision targeted for 2024.  
 
Please find todays presentation attached here.  
 
For more information, please contact:  
Bjørgulf Haukelidsæter Eidesen, CEO  
+47 990 36 892 
bhe@horisontenergi.com  
 
Dan Jarle Flølo, CFO  
+47 901 13 159 
djf@horisontenergi.com 
 
Siri Melberg, Head of communication  
+47 470 35 718  
sm@horisontenergi.com  
 
About Horisont Energi  
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon transport and storage services. The company
will transform natural and renewable gases, water and renewable energy into
clean ammonia and hydrogen and offer CO2 transportation and storage services
using proprietary technology, paving the way for a low carbon economy. The
company was founded in 2019 with the head office is in Sandnes, Norway.
www.horisontenergi.com 
 
You can follow us at:  
https://twitter.com/home 
https://www.linkedin.com/company/52145775/admin/ 
 

More information:
Access the news on Oslo Bors NewsWeb site

583757_280223_Horisont Energi Pareto Conference _FINAL.pdf