Horisont Energi and Koole join in on ammonia terminal at Port of Rotterdam
Norwegian carbon tech company Horisont Energi and liquid bulk storage company Koole Terminals have signed a deal to collaborate on the development of an ammonia terminal and storage facility at the Port of Rotterdam.
Horisont Energi and Koole Terminals announced the signing of a memorandum of understanding (MoU).
The parties will explore the establishment of collaboration for the storage of ammonia produced and shipped from Norway to Rotterdam. Then, the ammonia will go further to Northwestern Europe.
The MoU will also cover technical and commercial models for the storage of ammonia, services solutions, and further distribution.
Koole Terminals has a storage capacity of over 4.1 million cubic metres. Additionally, it has several transport modalities available.
Horisont Energi’s Barents Blue project is to produce this clean fuel. The company recently announced a cooperation agreement with Equinor and Vår Energi on the joint development of Barents Blue. Moreover, this is Europe’s first large-scale production facility for blue ammonia.
The Barents Blue project is based on using natural gas, clean water, and renewable energy to produce clean ammonia. During the production process at the Barents Blue, more than 99 per cent of the CO2 will be captured and permanently stored in the offshore Polaris reservoir below the seabed offshore Finnmark.
Koole Terminals says it will play an important role in facilitating and supporting the distribution of this fuel from the Barents Blue production plant in Hammerfest, Northern Norway.