Yara to go solo for Heroya decarbonisation challenge as Aker, Statkraft exit

March 29 (Renewables Now) – Norwegian fertiliser firm Yara Worldwide ASA (OSE:YAR) will proceed the realisaton of its decarbonisation challenge on the ammonia plant in Porsgrunn however not in a partnership with Aker Clear Hydrogen AS and Statkraft AS, which have determined to depart the event.

Over the previous yr, the trio has been trying into the feasibility of electrifying Yara’s ammonia plant at Heroya and arrange a challenge three way partnership referred to as Hegra. After conducting a feasibility examine, the three corporations have decided that the challenge is viable.

Nonetheless, the event won’t progress below the present possession construction as a result of Statkraft and the majority-owned clear hydrogen enterprise of Aker Horizons ASA (OSE:AKH) have chosen to exit the challenge, leaving Yara as the only real proprietor. They cited “business and strategic causes” for his or her resolution, with out elaborating.

Yara will now proceed growing the challenge in direction of a ultimate funding resolution, it mentioned, whereas Statkraft and Aker Horizons will search to develop additional inexperienced hydrogen and ammonia tasks collectively. Based on the announcement on Tuesday, “the businesses are nonetheless open to cooperating in elements of the worth chain.”

The fertiliser producer mentioned that earlier in March it held a groundbreaking ceremony for a pilot challenge at Heroya, envisaging the set up of a 24-MW electrolyser. The aim of the pilot is to offer helpful technical and business studying.

As beforehand said, the full-scale challenge is anticipated to remove 800,000 tonnes of carbon dioxide (CO2) emissions yearly.

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