H2Carrier ASand the Greenland-based company Anori A/S have signed a Letter of Intent (LOI) with the purpose of developing the first commercial wind farm in Greenland with subsequent production and export of green ammonia, they write in their press release.
“All industrial use of ammonia at present is associated with significant emissions of CO2. By building on established and proven technologies with a strong safety track record from oil and gas, we have developed zero-carbon solutions for ammonia which is a key ingredient in agriculture and the food industry.” Says CEO Mårten Lunde of H2Carrier and adds:
“Greenland is uniquely positioned to take a leading role internationally in the supply of green ammonia and locally, a significant industrial project of this magnitude will be important to the Greenland society by way of employment opportunities and positive economic impact. We are proud to co-operate on this project with Anori which expresses and reflects values and attitudes that we are confident will be valued by the society in Greenland”.
Will enable Greenland to play key role in global decarbonization
The wind farm is projected to comprise 1.5GW of renewable energy which will supply power to H2Carrier’s floating production vessel for hydrogen and green ammonia, the so-called P2XFloaterTM.
Green ammonia will be stored in tanks onboard the vessel, then exported to smaller shipping vessels and carried to the international market for ammonia. This large project will enable Greenland to play a key role in global decarbonization.
H2Carrier has developed a proprietary design for a vessel that will produce, store, and export green ammonia, the P2XFloaterTM. This design has been developed in close cooperation with leading engineering firms in Norway.
First of its kind
As far as H2Carrier is aware, the P2XFloaterTM is the first of its kind to be launched on a global basis capable of producing hydrogen and ammonia on an industrial scale.
The P2XFloaterTM is based on well-proven technologies from the floating production of oil and gas (FPSOs- floating production, storage, and offloading) in combination with control systems that optimize renewable power, electrolyzer, and the Haber-Bosch-process for the production of ammonia.
H2Carrier will build, own/lease, and operate a fleet of P2XFloatersTM on PtX projects globally.
“At present, less than 1% of the global ammonia consumption globally is produced from renewable energy. We need to turn this around to come closer to 100% as soon as possible in order to reach the targets of the Paris agreement” says Nicolai Fossar Fabritius, the Chairman of Anori.
A win-win project
«We are proud to co-operate with H2Carrier and we all feel humble when embarking on this significant project which has a huge export potential for Greenland» says CEO Palle Christiansen of Anori and adds:
«Greenland is well positioned to realize such a project. We have space and such a project will not prevent other activities or projects. Greenland has attractive wind resources and ample access to clean water. Clients are based internationally and Greenland will benefit from new employment and export revenues. This is a win/win project- from the climate to the treasury!”
«The innovative P2XFloaterTM design represents a cost and time-efficient and flexible solution for the production of green ammonia on an industrial scale at a competitive price. The demand for green ammonia is rapidly increasing due to industrial decarbonization. This is an attractive project at the right location at the right time.» says CEO of H2Carrier Mårten Lunde.