Norwegian clean energy company Horisont Energi has signed a Memorandum of Understanding (MoU) with Koole Terminals B.V. (Koole Terminals) to develop an ammonia terminal and storage facility at the Port of Rotterdam.
The agreement will see both companies explore the establishment of a strategic and collaborative relationship for storage of ammonia produced and shipped from Norway to Rotterdam, as well as technical and commercial conceptual models for storage of ammonia products, services solutions, and technologies for further distribution to meet forecasted demand.
“I’m excited to announce this agreement,” said Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi.
“As Horisont Energi and our partners work towards developing Europe’s first world-scale clean ammonia project, it is essential to establish relationships with key storage, handling and transport partners in the region, to ensure our clean ammonia can reach all potential clients.”
John Kraakman, CEO of Koole Terminals, added “We are eager to work with Horisont Energi to materialise their European distribution hub for blue ammonia. We consider ammonia as one of the important future liquid energy carriers, and as such, this project fits very well with Koole’s sustainable energy strategy.”
This comes after the news that Horisont Energi signed an MoU with the Port of Rotterdam for the transportation of blue ammonia from Norway to Rotterdam. Announced in August 2021, the final investment decision for the production of blue ammonia at the Barents Blue project – the first world-scale blue ammonia plant in Finnmark in Northern Norway – is expected towards the end of 2022.