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Horisont Energi AS ( (DE:9GJ) ) has shared an announcement.
Horisont Energi has reached a significant milestone in its Barents Blue project by signing a non-binding term sheet with a European energy company for the sale of ammonia. This development is crucial for advancing the commercial aspects of the project, which is part of the EU’s IPCEI Hydrogen program. The project aims to start production by 2029/2030, with an investment decision expected in 2026. The Barents Blue project is notable for its high carbon capture rate and energy efficiency, positioning it as a leader in clean ammonia production.
More about Horisont Energi AS
Horisont Energi AS operates in the clean energy sector, focusing on the development of clean ammonia production. The company is involved in the Barents Blue project, which aims to establish a highly energy-efficient ammonia plant in Northern Norway, aligning with EU environmental standards.
YTD Price Performance: -54.71%
Average Trading Volume: 356
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.31M
Learn more about 9GJ stock on TipRanks’ Stock Analysis page.