Aker Horizons ASA has signed a letter of intent (LOI) with VNG to supply green ammonia from Narvik, Northern Norway. VNG intends to procure up to 200,000 tonnes of green ammonia per year from Aker Horizons' large-scale green industrial hub under development in Narvik as of 2028. The green ammonia will be shipped from Narvik to terminals in Germany, where VNG will distribute it further as ammonia or hydrogen to its customers, who will use it to decarbonize their operations.

The LOI is a first step towards a firm supply agreement between the parties and could be expanded to further areas of collaboration. The agreement was signed in Berlin during a visit by Norway's Minister of Trade, Industry and Fisheries Jan Christian Vestre to German Vice-Chancellor Robert Habeck. The partnership between Aker Horizons and VNG supports Norway's commitment to become a key supplier of clean hydrogen to Germany and the European Union (EU), helping foster new green industrial development and strengthening European energy security.

Through this collaboration, Aker Horizons and VNG will accelerate the ramping up of the hydrogen economy in line with German and EU ambitions, supporting the decarbonization of hard-to-abate industries. Together with Narvik, the Aukra project has the potential of being a significant contributor to Norwegian hydrogen exports to the EU, enabling substantial CO2-emission reductions.