The project aims to support the growing zero-emission maritime sector in Norway by introducing both hydrogen and ammonia technologies to enable the decarbonisation of these sectors.

Construction of the facility could begin by 2023, following a final investment decision, the commencement of construction could be in first quarter of 2024, with the facility fully operational at the beginning of 2027.

The green ammonia production facility, named Iverson eFuels AS, will be owned by Hy2gen, Trafigura, one of the world’s leading independent commodity trading companies and Copenhagen Infrastructure Partners (CIP), a Danish fund management company focused on renewable energy infrastructure.

The consortium plans to invest significant capital in the production, storage and shipping facility which will bring jobs to the local community.

Gunnar Gauthun, Hub Coordinator in Sauda for Hy2gen, said, “We will produce green ammonia through electrolysis technology, using clean electricity to provide green ammonia for vessels, and thereby contributing to minimise emissions for maritime transportation,” said

Rasmus Bach Nielsen, Global Head of Fuel Decarbonisation for Trafigura, said, “Availability of zero emission alternative fuels such as green ammonia is an important pre-requisite to decarbonising the global shipping industry.

“We also urgently need global policy-makers to cost neutralise the use of zero carbon fuels through carbon pricing measures to drive demand and enable to radically reduce emissions.”