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Horisont Energi AS ( (DE:9GJ) ) just unveiled an announcement.
Horisont Energi AS has reached a significant milestone for its Barents Blue project by signing a non-binding term sheet with a European energy group for ammonia sales. This development is crucial for advancing the commercial aspects of the project, which is part of the EU IPCEI Hydrogen program, and aims to start production by 2029/2030. The project is notable for its high carbon capture rate and energy efficiency, with plans to finalize investment decisions by 2026.
More about Horisont Energi AS
Horisont Energi AS is a company operating in the clean energy sector, focusing on the production of clean ammonia. The company is engaged in developing the Barents Blue project, a clean ammonia plant in Northern Norway, which aligns with the EU’s environmental standards and taxonomy.
YTD Price Performance: -54.71%
Average Trading Volume: 356
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.31M
See more insights into 9GJ stock on TipRanks’ Stock Analysis page.