Horisont Energi in Talks With Investors Over Financing of Barents Blue Ammonia Plant

By Dominic Chopping

STOCKHOLM--Norwegian clean-energy and carbon-storage services provider Horisont Energi A/S said Thursday it 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 Barents Blue plant will be a large-scale production facility for blue ammonia, with carbon dioxide captured during the production process and permanently stored below the seabed offshore Finnmark in northern Norway.

Earlier this month, Horisont Energi signed a cooperation agreement with Equinor ASA and Var Energi, two offshore oil-and-gas producers in the Barents Sea region, for the development of Barents Blue.

"The previously announced cooperation agreement with Equinor and Var Energi forms a basis for advancing the discussions with major international infrastructure investors," Horisont Energi Chief Executive Bjorgulf Haukelidsaeter Eidesen said.

"Horisont Energi plans on signing a letter of intent with one or more of the selected investors before the project's concept selection, scheduled in 2022," the CEO said.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

09-30-21 0414ET