Yara Continues Its Efforts To Cut Norway's Largest Point Emissions

Hegra was launched in 2021 as a collaborative project between Yara, Aker Clean Hydrogen and Statkraft, with the aim of electrifying Yara's ammonia plant at Herøya in Porsgrunn, and removing 800,000 tonnes of annual CO2 emissions.

An integrated team between the parties has collaborated over the past year to mature the project at an early stage. The recently completed feasibility study shows that HEGRA is feasible, but for strategic reasons it is not appropriate to continue the project with the current ownership structure. Work on HEGRA will be continued by Yara until a final investment decision is made without Aker Clean Hydrogen and Statkraft as part owners.

Each of the companies will continue to work to promote hydrogen production and demand in Norway and internationally, and the companies are still open to cooperating in natural
areas in the value chain.

To remove one of Norway's largest point emissions, Yara will continue to work for full electrification of Herøya to offer green manure, as well as green ammonia for decarbonisation of shipping through Yara's global ammonia distribution. By utilizing the existing infrastructure for
ammonia on Herøya, the project is well positioned, and represents an important contribution to Norway's climate goals by 2030.

Yara took the first sod on the pilot project on Herøya in March 2022. With support from ENOVA, this 24 MW electrolysis pilot will provide valuable technical and commercial learning. The pilot brings the green shift to the Grenland region and ensures participation and skills development from a number of local suppliers. The geopolitical situation emphasizes the importance of ammonia production in Norway.

ENG translation:
Yara takes sole ownership of decarbonization project at Herøya
Hegra was launched in 2021 as a cooperation between Yara, Aker Clean Hydrogen and Statkraft, aiming to decarbonize Yara’s ammonia plant at Herøya in Porsgrunn and removing 800 000 tonnes of annual CO2 emissions.

An integrated team consisting of members from the partners has worked together in the past year to mature the project in an early phase. The feasibility study demonstrates that the project is viable, however due to strategic considerations the parties have decided not to continue the current ownership structure.

Yara will continue developing the project towards a final investment decision without Aker and Statkraft as shareholders. The parties will continue to work on promoting hydrogen production and relevant end markets in Norway and internationally, and the companies remain open to collaborate in relevant areas of the value chain in the future.

To remove one of Norway’s largest CO2 point emissions, Yara will continue to work towards a full electrification of Herøya, and offer green fertilizers and green ammonia to decarbonize the shipping sector through Yara’s global ammonia distribution network. The project is well positioned as it can utilize Yara’s existing infrastructure for ammonia production at Herøya, and it represents an important contribution to reach Norway’s climate targets towards 2030.

Yara hosted a groundbreaking ceremony for the pilot project at Herøya in March 2022. With support from ENOVA, this 24 MW electrolyzer pilot will give valuable technical and commercial learning. The pilot will involve suppliers and contractors from the Grenland region and contribute to local technology development and employment. The current
geopolitical situation underlines the importance of having ammonia production in Norway.