SANDNES, Norway – Enova SF has issued a NOK482-million ($54.5-million) grant for the Barents Blue clean ammonia plant development to participate in the EU’s Important Projects of Common European Interest (IPCEI) Hydrogen project.
If this secures final approval from the EFTA Surveillance Authority, partners Horisont Energi, Equinor ASA, and Vår Energi will proceed to the FEED phase in 2022.
They plan to construct the Barents Blue facilities in Finnmark, northern Norway, including CO2 storage offshore.
Production capacity will be 3,000 t/d of ammonia. During the process, carbon will be captured and transported by ship for storage in the subsea Polaris reservoir, with an estimated capacity of more than 100 MMt, equivalent to twice Norway’s annual greenhouse gas emissions.
IPCEI also gives Horisont Energi the opportunity to link the Barents Blue project with other projects in the 23 participating European countries.
Ammonia has numerous industrial applications, and in the future, could be used as a climate-neutral fuel by the maritime industry and for climate-neutral power production.
According to the company, hydrogen technology allows for emission-free energy production, storage and utilization.