Norway’s Statkraft STATKF.UL and Aker Horizons, a unit of investment firm Aker AKER.OL, have joined chemicals firm Yara YAR.OL in electrifying and decarbonising a plant in Norway to produce zero carbon ammonia, the companies said on Thursday.
Yara, one of the world’s largest producers of nitrogen fertilisers, aims to eliminate CO2 emissions from the 500,000-tonnes-a-year plant in Porsgrunn in southern Norway.
“Provided that power is available at the site and the required public co-funding is in place, the project could be realised within 5-7 years,” Yara said in a statement.
In partnership with renewable energy provider Statkraft, Yara will produce ammonia using renewable electricity rather than fossil fuel energy.
Source: nasdaq.com
