Norway funds floating ammonia-to-hydrogen project
The government has provided a project led by Hoegh LNG and Wartsila with NOK60mn, equivalent to 50pc of expected costs
An ammonia-to-hydrogen project led by Norway’s Hoegh LNG and Finland’s Wartsila has received NOK60mn ($5.78mn) in funding from the Norwegian government, equivalent to 50pc of the expected cost. The project aims to develop a system installed onboard a floating receiving terminal that can convert ammonia to hydrogen. “As a world leading provider of fast-track floating LNG terminals, we are well-positioned to support the transition to clean, carbon-free energy. New and innovative solutions will need to be developed, and we look forward to working together to ensure we remain at the forefront of the energy transition,” says Erik Nyheim, CEO of Hoegh LNG. The firm aims to ensure future terminals
Also in this section
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets
11 November 2024
Midstream project linking the two regions is gaining momentum after string of MoUs and political backing
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids