HEGRA was launched in 2021 as a collaborative project between Yara, Aker Clean
Hydrogen and Statkraft, with the aim of electrifying Yara's ammonia plant at
Herøya in Norway, removing annual CO2 emissions of 800,000 tonnes.
An integrated team has collaborated over the past year to mature the project in
an early phase. The recently completed feasibility study shows that HEGRA is
feasible, but due to commercial and strategic reasons there is no basis for
continuing the project under the current ownership structure. Work on HEGRA will
be continued by Yara without Aker Clean Hydrogen and Statkraft as part-owners.
Each of the companies will continue to promote hydrogen production and demand in
Norway and internationally, and the companies are still open to cooperating in
parts of the value chain.
Going forward, Statkraft and Aker Horizons will seek to develop further green
hydrogen and ammonia projects together.
ENDS
For further information, please contact:
Christian Yggeseth, Investor Relations, Tel: +47 915 10 000,
christian.yggeseth@akerhorizons.com
Ivar Simensen, Communications, Tel: +47 46 40 23 17,
ivar.simensen@akerhorizons.com
Mathias Nilsen Reierth, Tel: +47 988 05 724, mathias.reierth@akerhorizons.com
About Aker Clean Hydrogen
Aker Clean Hydrogen aims to develop, build, own and operate clean
hydrogen production on an industrial scale. Aker Horizons is the majority
shareholder of the company, and Aker Clean Hydrogen uses domain expertise across
the Aker group, including systems integration, engineering, technology
development, project implementation, digitalization and financial optimization
to increase efficiency and reduce project costs. The company aims to reach a net
installed capacity of 5 GW by 2030, and will make a major contribution to
realizing the hydrogen industry and reducing greenhouse gas emissions globally.
IMPORTANT NOTICE
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements in
Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This
stock exchange announcement was published by Ivar Simensen, Communications, Aker
Horizons on 29 March 2022 at CET 08:00.