Application for deadline extension for Decision of Concretisation (BoK) of Polaris project

10 Jun 2024 08:30 CEST

SANDNES, Norway 10 June 2024 – The Barents Sea Polaris carbon storage licence
partners Horisont Energi and PGNiG Upstream Norway (Operator) have applied to
the Norwegian Ministry of Energy for an extension of the deadline, 10 June 2024,
for the Decision of Concretisation (BoK) milestone.

BoK is a milestone in the planning phase of Norwegian offshore industry licence
projects, involving completion of the initial phase of the licence’s committed
work program as required by the authorities.

About Polaris
The Polaris licence (EXL003) was awarded in April 2022 and is the only CO2
storage licence in the Barents Sea. PGNiG Upstream Norway is the operator with
Horisont Energi as the partner, each holding a 50% share. Designed for
sustainability and EU Taxonomy compliance, the project ensures safe, long-term
CO2 sequestration, supporting the Barents Blue project and other CO2 customers,
and is pivotal in developing a green industry in northern Norway.

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 gas, water and renewable energy into cost-leading clean ammonia
and hydrogen and offer CO2 transportation and storage services using proprietary
technology, paving the way for a low carbon economy. The Horisont Energi group
includes three subsidiaries: Horisont Ammoniakk for the clean ammonia business;
Horisont Karbon for the carbon storage business; and Horisont Infra for the
mid-stream CCS infrastructure. The company was founded in 2019 and is
headquartered in Sandnes, Norway.

www.horisontenergi.no

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For more information, please contact:
Bjørgulf Haukelidsæter Eidesen, Co-CEO 
+ 47 990 36 892 
bhe@horisontenergi.com

Leiv Kallestad, Co-CEO 
+ 47 958 95 661
leiv.kallestad@horisontenergi.com

Siri Melberg, Head of branding & communication
+47 470 35 718
sm@horisontenergi.com

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