Hy2gen plans to produce green ammonia as a fuel for the maritime sector.
The company specialising in designing, building and operating facilities to produce green hydrogen and green hydrogen-based derivatives, will carry out the work in Sauda, Norway.
The green ammonia production facility, named Iverson eFuels AS, will be owned by Hy2gen, Trafigura and Copenhagen Infrastructure Partners (CIP).
The consortium plans to invest significant capital in the production, storage and shipping facility which will bring jobs to the local community.
Following a final investment decision, the commencement of construction is scheduled in the first quarter of 2024, and the facility will be fully operational at the beginning of 2027.
The Iverson project will have an initial electrolyser capacity of 240 megawatts to produce 600 metric tons of green ammonia per day, with the aim to significantly scale up production in the future.
The green ammonia will supply the shipping industry with a zero-carbon alternative marine fuel to traditional fossil fuels.
“We will produce green ammonia through electrolysis technology, using clean electricity to provide green ammonia for vessels, and thereby contributing to minimize emissions for maritime transportation,” said Gunnar A Gauthun, Hy2gen´s hub coordinator in Sauda.
“Availability of zero emission alternative fuels such as green ammonia is an important pre-requisite to decarbonising the global shipping industry. We also urgently need global policy-makers to cost neutralise the use of zero carbon fuels through carbon pricing measures to drive demand and enable to radically reduce emissions,” stated Rasmus Bach Nielsen, Trafigura’s global head of fuel decarbonisation.
POPULAR NEWS STORIES
LATEST VIDEOProco Series 700 ProFlex tm Rubber Check Valves