Statkraft has found a partner in its Norwegian colleague Aker Horizons.

The two are joining forces on an ammonia plant in Narvik, Norway, which has a planned capacity of up to 600MW and will be one of the first large-scale green ammonia plants in Europe with an expected production of between 1,000 and 1,500 tonnes per day. The project aims to make an investment decision in 2025 with the goal of starting commercial operation in 2028, the parties announce in a press release.

The project team from Statkraft and Aker Horizons will jointly develop and mature the project with the aim of establishing a mutually owned company, Narvik Green Ammonia.

Aker Horizons has so far signed letters of intent with several major European energy, industrial and chemical companies. Narvik Green Ammonia will also look for opportunities for collaboration with potential users in Norway, for example in the maritime industry.

Before the summer, the project signed a long-term electricity agreement with Statkraft and is now actively working to secure a cost-effective concept for the plant and the entire value chain towards the next decision point in the middle of next year.

”A partnership between Statkraft and Aker Horizons makes for a powerful combination. The companies complement each other well and share a common ambition to provide a significant contribution to the green transition and the development of green industry and jobs,” says Knut Nyborg, Head of Aker Horizons Asset Development. 

Bjørn Holsen, SVP for Hydrogen in Statkraft, says the deal fits well with the company’s green strategy.

“Collaborating with Aker Horizons to develop a large-scale green ammonia project in Narvik fits well with our ambition to become a significant player in the market for green hydrogen and hydrogen-based energy products. Statkraft wants to build new green industry based on renewable energy. Through the production of an industrial product such as green ammonia, we can contribute both to cutting emissions, driving the transition necessary and creating jobs locally,” says Holsen.

(Translated using DeepL with additional editing by Kristoffer Grønbæk)