Brief: Horisont Energi Adjusts Barents Blue Clean Ammonia Plant Project

Nos Nova AS

22/03/2023 16:05

March 22 (Reuters) - Horisont Energi AS  HRGI.OL :
    * UPDATES ON BARENTS BLUE CLEAN AMMONIA PLANT PROJECT STATUS
    * INITIAL APPLICATION OF 105 MW TO NATIONAL GRID COMPANY STATNETT WAS REJECTED DUE TO LACK
OF
POWER GENERATION CAPACITY INTO NORTHERN NORWAY'S MAIN ELECTRICAL GRID
    * REJECTION WE RECEIVED WAS BASED ON AN APPLICATION FOR 3 AMMONIA TRAINS WITH A TOTAL POWER
NEED
OF 105 MW
    * ENERGI WILL REVISE APPLICATION TO INCLUDE ONLY ONE AMMONIA TRAIN AT THIS TIME WITH A
MAXIMUM
POWER NEED OF 45 MW
    * HAS ADJUSTED FIRST DEVELOPMENT PHASE OF PROJECT FROM TWO AMMONIA PRODUCTION TRAINS TO ONE
TRAIN
    * DECISION ON AWARDING NEW POWER RESERVATIONS TO POWER STEM GRID IS EXPECTED BEFORE SUMMER
2023
    * WILL REVISE APPLICATION AND REDUCE POWER DEMAND FROM 105 MW TO 35-45 MW

Source text for Eikon:  ID:nObiRwpdNa 
Further company coverage:  HRGI.OL 

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