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MGNo - Magnora ASA News Story

NOK19.5 0.0  0.0%

Last Trade - 15/11/21

Market Cap £90.0m
Enterprise Value £82.1m
Revenue £1.52m
Position in Universe 962nd / 1889

BRIEF-Magnora, Prime Capital And Troms Kraft Cooperate On Green Maritime Fuel Project

Thu 16th September, 2021 11:25am
Sept 16 (Reuters) - Magnora ASA  MGNR.OL :
    * MAGNORA, PRIME CAPITAL AND TROMS KRAFT DEVELOPING GREEN
MARITIME
FUEL
    * HAS ENTERED INTO A COLLABORATION AGREEMENT WITH PRIME
CAPITAL
AND TROMS KRAFT FOR DEVELOPMENT OF A GREEN MARITIME FUEL PROJECT
IN TROMSØ AREA IN NORWAY
    * PROJECT INVOLVES LARGE-SCALE PRODUCTION OF GREEN HYDROGEN
AND
FURTHER PROCESSING INTO GREEN AMMONIA (NH3) AND/OR LIQUID
ORGANIC HYDROGEN CARRIERS (LOHC)
    * PROJECT IS CURRENTLY IN FEASIBILITY-STAGE AIMING FOR FINAL
INVESTMENT DECISION LATE 2022 TO MID-2023
    * IF PROCEEDING AS PLANNED, GREEN FUEL PROJECT WILL BE IN
COMMERCIAL OPERATIONS BY 2025

Source text for Eikon:  ID:nObivsPkHa 
Further company coverage:  MGNR.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))
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