Horisont Energi WKN: A2QNES ISIN: NO0010917339 Kürzel: 9GJ Forum: Aktien User: Oli23

Horisont Energi: First-half year 2021 results Sandnes, Norway – 25 August 2021 – Horisont Energi (EURONEXT: HRGI) today reported its first-half year results. Horisont Energi is in a project development phase and consequently had no income in the first half of 2021. The net loss was NOK 16.4 million. “During the first half year of 2021, we have delivered on our promises and positioned Horisont Energi as a European clean ammonia and carbon storage company, and more specifically positioned the Barents Blue project as a key hydrogen project,” says Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi. The company has a solid financial position with a total of NOK 117 million in cash and expects to have sufficient resources to bring the Barents Blue project up to investment decision by end of 2022, based on current plans. Highlights of the first half 2021: • Listed on Euronext Growth Oslo in January • Signed cooperation agreement with Equinor May 19th for the Polaris offshore storage project • Developed a novel system design for the first world-scale blue ammonia plant in Europe together with Haldor Topsoe • Signed EPC Onshore Concept Studies with Saipem and Technip Energies • Entered into various agreements with industry-leading companies such as Baker Hughes, Knutsen Group and TGS • Selected Markoppneset, in Hammerfest municipality, as the preferred site for the Barents Blue plant. This will be confirmed at decision gate 2 (concept selection, expected February 2022) • Initiated pre-FEED studies for Barents Blue with an Enova grant of NOK 10 million to contribute to the development of the innovative clean ammonia system • Matured our carbon removal business, which will contribute to EU’s carbon removal strategy. We have entered into several partnerships in this field, and also developed a legislative proposal for sustainable carbon capture and storage • Signed letters of intent with major European companies for commercial carbon storage Highlights after the end of the period: • Signed memorandum of understanding with Port of Rotterdam to set up a corridor for transport of blue ammonia from Norway • Signed memorandum of understanding with St1 Nordic Oy for the joint development of a green ammonia project in Finnmark, Northern Norway Market outlook EU’s Green Deal target of 55% reduction by 2030 and carbon neutrality by 2050 established the framework for the coming years’ regulations and activities, as well as future demand for carbon neutral products and carbon storage solutions: • Shipping is proposed to be a part of the EU’s Emissions Trading System (ETS) quota system, further driving the transition to clean maritime fuels. • Through the carbon adjustment mechanism (CBAM), announced in July, grey ammonia imported into the EU is proposed to be tolled at the border on equal terms as the EU’s current grey ammonia production, which is already a part of the EU’s ETS. With ETS quota cost above 50 EUR/ton of CO2, this is a significant contribution to the economics of clean fuels, such as carbon neutral or clean ammonia from the Barents Blue project. • The CO2 emissions in the EU amounted to more than 3,000 million tons in 2019. Present known planned storage capacity is less than 10 million tons in 2025 and around 20 million tons in 2030. In that perspective, the demand for carbon storage among industries and power plants in EU will far exceed known planned storage capacity, leaving great room for CO2 storage companies delivering flexible and cost-effective solutions to European industry and power plants.

https://industrie.de/technik/erlebt-die-wasserstoff-technologie-einen-nachfrageboom-ab-2030/

Es ist ein aktueller Report von PWC & co. erschienen - sie erwarten einen Wasserstoffboom ab 2030

St1 and Horisont Energi to collaborate on green ammonia production in Finnmark https://live.euronext.com/en/node/6199243

Horisont Energi and Port of Rotterdam team up on blue imports https://www.ammoniaenergy.org/articles/horisont-energi-and-port-of-rotterdam-team-up-on-blue-imports/?mc_cid=47241fe497&mc_eid=494a9e13f2

https://businessportal-norwegen.com/tag/horisont-energi-as/

Horisont Energi concludes first phase of Europe’s first large-scale clean ammonia project

https://live.euronext.com/en/product/equities/NO0010917339-MERK#CompanyPressRelease-5133186

Horisont Energi today announced that it signed a Memorandum of Understanding (MOU) with TGS, a global provider of energy data and intelligence, to jointly develop new Carbon Capture and Storage (CCS) technologies.

https://live.euronext.com/en/product/equities/NO0010917339-MERK#CompanyPressRelease-4959660

https://live.euronext.com/en/product/equities/NO0010917339-MERK/horisont-energi/hrgi/quotes#CompanyPressRelease-4852504

"The Alliance does not have its own funding, but it provides its members with the following opportunities: • Visibility towards private and public investors, facilitating meetings that can provide opportunities for financing • Support matchmaking between members of the Alliance to foster and strengthen partnerships, and collaborate on major projects along the European value chain • Refer to projects in discussions around framework to provide the conditions for building up a robust pipeline of investments"

https://live.euronext.com/en/product/equities/NO0010917339-MERK/horisont-energi/hrgi/quotes#CompanyPressRelease-4813714