Horisont Energi continues progressing the development of the Barents Blue project as its collaboration with Fertiberia comes to an end

14 Feb 2025 08:30 CET

Sandnes, Norway – 14 February 2025: Horisont Energi (EURONEXT: HRGI) and
Fertiberia joined forces to develop the clean ammonia project Barents Blue in
August 2023. The collaboration between the two companies will end 28 February
2025.  
 
Horisont Energi has previously communicated the intention of onboarding
additional industrial partners to further strengthen the Barents Blue project.
This work is ongoing and updates on new partnerships for the project will be
provided to the market in due course. This is part of the strategic review that
Horisont Energi announced on 24 September 2024.  
 
About Barents Blue 
The Barents Blue project, being developed by Horisont Energi is a clean ammonia
plant located at Markoppnes in Northern Norway. The annual production for the
first phase of the project will be 1 million tonnes. With a best-in-class carbon
capture rate above 99% this will be the most energy-efficient clean ammonia
plant in the world, well-aligned with the EU taxonomy. Barents Blue has secured
sufficient power supply for the first phase of the project. The Barents Blue
project is supported by a grant of NOK 482 million as part of the EU IPCEI
hydrogen program, Hy2Use. The project targets final investment decision 2026 and
estimated production start in 2029/2030. 
 
For more information:  
Bjørgulf Haukelidsæter Eidesen, Co-CEO  
+ 47 990 36 892  
bhe@horisontenergi.com   
  
Leiv Kallestad, Co-CEO   
+ 47 958 95 661   
Leiv.kallestad@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
plan to 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.   
  
You can follow us on:   
www.horisontenergi.no  
https://x.com/HorisontEnergi  
https://www.linkedin.com/company/horisontenergi/  

About Fertiberia 
Fertiberia has more than 1.700 employees and 13 industrial activity locations
spread throughout the Iberian Peninsula and France. The company’s vision is to
lead the green hydrogen value chain of the future in Europe to decarbonize
agriculture and other sectors such as industry or transport, as well as to
continue leading the development of sustainable and high added value solutions
for crop nutrition. It is also the first company in its sector to commit to
achieving net zero emissions by 2035. The company belongs to Triton Partners,
which is driving its growth to make this Spanish company a leader in the
fertilization of the future, enabling farmers to obtain higher yields with
maximum environmental sustainability.  
https://www.fertiberia.com/en/ 
 
Rocío Domínguez Ruiz de Castro, Head of communication 
+34 915 866 200 
rocio.dominguez@fertiberia.es 

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