CIP and Norwegian partners plan large-scale hydrogen-based energy carriers production

Denmark’s Copenhagen Infrastructure Partners (CIP) has entered into an option agreement with Naturgassparken Vest, a real estate company jointly owned by CCB Energy and Norwegian Øygarden municipality, to establish the production of hydrogen-based energy carriers in the Energy Park.

The agreement was announced on February 9, 2024, and builds on the parties’ experience in both green industry and the oil and gas sector, with a focus on HSEQ, as an important pillar for large-scale production development.

As explained, the planned establishment will entail substantial investments and create significant future jobs and a competence boost for the local industries.

Philip Christiani from CIP stated: “CIP is already today building Low Carbon projects in the US. As the energy transition is accelerating, low carbon energy products based on natural gas and sequestration of CO2 – so called blue hydrogen products -will be able to deliver affordable clean fuels at scale. Øygarden is ideally located for this undertaking with access to the sea, natural gas and the Northern Lights sequestration facilities.”

Eilert Hellesøy from Naturgassparken Vest AS commented: “It is a major milestone for Naturgassparken Vest AS to enter into a forward-looking agreement with CIP, with significant ripple effects for regional and local industry. The company CIP has a focus and a profile that matches the strategic objective for the development of the Energy Park. The agreement that has been concluded will be important for the establishment of CCS companies in the Energy Park.”

Ronny Haufe from CCB Energy said: “We are very pleased to land an agreement and a framework for significant industrial development and future jobs. The Energy Park has been our main focus and CIP will, in our opinion, be very appropriate in terms of mandate and direction desired for the development of the Energy Park. An industrial park that hosts industries such as CCS, DAC and H₂ will now be reinforced with other green energy carriers at a very beneficial location.”