Q4 2024: North Ammonia AS and Fjord Base Holding AS join forces to develop green ammonia production at Fjord Base in Florø
North Ammonia AS and Fjord Base Holding AS join forces for the development of a green ammonia production facility with focus on development of required infrastructure, grid connection, permitting and early phase project development for a potential facility at Fjord Base.
CEO of North Ammonia, Mikkel Tørud, says :
Fjord Base is a highly suitable location for the production of green ammonia based on existing industrial areas, infrastructure and maritime activity.
“The market for green ammonia is continuously developing and with stricter regulations related to emissions, particularly in the maritime sector, it is expected that the demand for zero-emission fuels will increase significantly from 2030”,
CEO of Fjord Base Gruppen, Ole Schanke Eikum, says :
It is with great pleasure that we see the plans for the establishment of North Ammonia at Fjord Base taking shape and steps towards realization.
“Fjord Base has significant maritime activity, and access to locally produced green fuels for shipping will strengthen our position as a maritime hub, while providing positive ripple effects locally in terms of job creation. Production of green ammonia will create a foundation for circular economy value chains and thereby strengthen Fjord Base as a leading industrial cluster in the green transition”,
North Ammonia AS and Fjord Base Holding AS entered into a Letter of Intent in 2022 to evaluate the opportunity of establishing a green ammonia production facility at Fjord Base. Earlier this year, the project was assessed as mature by Linja and Statnett and is now in que for a reservation of grid capacity.
Mikkel Tørud, adds:
This region offers a significant surplus of power, and it is therefore of high importance that the grid is systematically developed further to enable the establishment of new and sustainable industries,
North Ammonia is a long-term developer of production facilities for zero-emission fuels in Norway. With stable access to renewable energy from the grid, a strong maritime cluster and a significant, land-based process industry, Norway has a strong foundation for the production of competitive green ammonia. The company was established in 2021 and is owned by Grieg New Energy AS – part of Grieg Maritime Group – and Vergia AS – part of Swiss Life Asset Managers.
Fjord Base is Norway’s largest supply base with over 1000 acres of land and comprehensive infrastructure. Since the establishment in 1985, the supply base has developed strong experience in property development, logistics and operations. In addition to offshore activities, Fjord Base is actively engaged in facilitating new industry and businesses, including offshore wind, zero-emission fuels and other green initiatives. The company is today owned by the infrastructure company Ancala Partners LLP and Semi AS.
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Q4 2024: North Ammonia AS and Fjord Base Holding AS join forces to develop green ammonia production at Fjord Base in Florø, source
