Aker ASA: Aker Horizons partners with Yara and Statkraft to establish Europe’s first large scale green ammonia project in Norway

OSLO, Norway, Feb. 18, 2021 /PRNewswire/ — Aker Horizons AS (“Aker Horizons”) announced today that it has signed a Letter of Intent with Statkraft AS (“Statkraft”) and Yara International ASA (“Yara”) aiming to establish Europe’s first industrial-scale green ammonia project in Norway, enable the hydrogen economy, and accelerate the energy transition. The first project in the partnership will be to electrify Yara’s existing ammonia facility in Porsgrunn, which has the potential to be one of the largest climate initiatives in Norwegian industrial history. The partners will further target green hydrogen and green ammonia opportunities within shipping, agriculture and industrial applications.