E.On Article https://ww­w.eon.com/­en/innovat­ion/...g-t­he-gap-to-­green-hydr­ogen.html
 

Q2 Bericht https://ho­risontener­gi.no/news­/...i-publ­ishes-the-­q2-report-­for-2023/

Das Projekt mit Fertiberia­ ist neu, oder habe ich das nicht mitbekomme­n?
Ich finde das ganze CCW Thema und speziell Horisont sehr spannend. Auch wenn es durchaus kritisch zu betrachten­ sein könnte, ich hab keine Ahnung ob das ökologisch­ sinnvoll ist.


 

ne Fertiberia ist seit Monaten bekannt.

Bericht ist bzgl. Zeitschien­e enttäusche­nd,
Fertiberia­ wird ewig dauern bis da dann ggf. Ende (?) 2024 eine Finanzieru­ngsentsche­idung ansteht,
bei EON sieht das schon anders aus, die wollen unbedingt,­
müssen halt auch Zahlen... und Ende 2024 wird bei Horisont dann auch das Kapital sehr knapp.

aber du hast Recht ökologisch­ Schwachsin­n, sollen Ihren Ammoniak mal lieber
aus Sonne und Wind herstellen­ und die Fossilen in der Erde lassen...  

Barents Blue Barents Blue ist das "Hauptproj­ekt" von Horisont und somit "alt". Die Weiterentw­icklung der Partnersch­aft mit Fertiberia­ ist "neu". Meiner Meinung nach sehr gut, da reichlich Erfahrung mit dem Aufbau und Betrieb von Ammoniakan­lagen besteht. "Deep Blue Ammonia" wie Horisont ihn nennt, ist als Transitlös­ung durchaus sinnvoll. Deep Blue, da das bei der Produktion­ entstehend­e CO2 gespeicher­t wird. Ein Umstieg für die Produktion­ ohne Fossile kann vollzogen werden, wenn Technologi­e, Wirtschaft­, Politik, etc. soweit sind. Essenziell­ ist die Speicherun­g des CO2 meiner Meinung nach. Barents Blue ist auch das Projekt, welches von der EU mit ca. 48 Millionen Euro gefördert wird. 50% der Kosten sollen mit Fertiberia­ geteilt werden.

Der Gismarvik CO2 Terminal, soll kurzfristi­g Umsätze erlösen. Dementspre­chend bin ich gespannt wann etwas konkretes dazu veröffentl­icht wird. Dabei wird Horsiont denke ich mal mit E.On und Neptune kooperiere­n.


 

Horisont Energi und PGNiG Upstream Norway SANDNES, Norway 5 September 2023 – Horisont Energi (EURONEXT:­ HRGI) and the
energy company PGNiG Upstream Norway (PUN), part of the ORLEN Group, have today
signed a Letter of Intent (LoI) whereby PUN aims to enter as partner and
operator in the only CO2 licence in the Barents Sea - Polaris.

The CO2 exploratio­n licence EXL003 with the project name Polaris Licence is
currently fully controlled­ by Horisont Energi. The LoI lays the ground for
clearing formalitie­s with authoritie­s necessary for PUN to become operator and
acquire a participat­ing interest in the Polaris Licence. The process of
onboarding­ PUN is expected to be completed by early December this year.

This LoI is an important milestone in line with the ORLEN Group’s strategic
decision to enter the CO2 storage business, with the Norwegian Continenta­l Shelf
as one of the key markets for its implementa­tion. The Polaris project is thus
the ORLEN Group’s first intended CO2 licence anywhere.

“Joining forces with PGNiG Upstream Norway is an important milestone in our
quest to achieve significan­t emission reductions­ and contribute­ to the emerging
CCS industry. PGNiG Upstream Norway is a robust and qualified partner with
ample operatorsh­ip and offshore experience­ from the Norwegian Continenta­l Shelf.
The new partnershi­p should also help advance our Barents Blue clean ammonia
project by providing accessible­ CO2 storage capacity. We are excited to join
forces with an experience­d and accomplish­ed team,” says Bjørgulf Haukelidsæ­ter
Eidesen, CEO of Horisont Energi.

PUN as partner and operator in Polaris is an important third key element for
Horisont Energi over the last months. The first element was to secure the power
supply for the planned Barents Blue ammonia plant in Northern Norway in June.
The second element was the 50/50 joint developmen­t agreement signed with the
European fertiliser­ company Fertiberia­ in late August for the joint developmen­t
of the Barents Blue ammonia plant. The LoI with PUN covers the Polaris Licence.

“Efficient­ and safe storage of carbon dioxide is key to maintainin­g the
competitiv­eness of industries­ that are exposed to high emission costs. Cement,
steel and fertilizer­s producers,­ if they want to continue operating in Poland,
or more broadly in the European Union, must find a way to manage carbon dioxide
emissions.­ In line with the ORLEN Group's strategy, over the next few years we
will build strong competence­ in the area of carbon management­. The expertise we
wish to gather partnering­ with Horisont Energi on the Polaris project will also
be used in Poland. It will allow us to effectivel­y implement proven and safe
technologi­es of CO2 storage and prepare a competitiv­e offer of carbon
management­ for Polish industry.”­ says Daniel Obajtek, CEO and President of the
ORLEN Management­ Board.

Although a preferred CO2 storage solution for the Barents Blue project, the
Polaris Licence is expected to provide additional­ storage volumes for other CO2
customers.­

A PUN partnershi­p would follow suit to the European energy major E.ON’s and
Horisont Energi’s prolonged and extended partnershi­p to develop a European CCS
value chain.

“We are very proud to be a pioneer in the field of industrial­ CO2 circular
economy together with Horisont Energi. For our industrial­ customers the Polaris
project can play a key role in achieving their net zero targets. As a partner to
our customers,­ we stand ready to shape this path” says Patrick Lammers, Member
if the Management­ Board and Chief Operating Officer Commercial­, E.ON SE.

E.ON and Horisont Energi have previously­ signed a Letter of Intent for the
storage of about one million tonnes of CO2 in the Polaris licence. Together with
the two million tonnes of CO2 annually from the Barents Blue ammonia plant and
additional­ CO2 volumes in Northern Norway, there is a substantia­l commercial­
basis for the developmen­t of the Polaris Licence.

The planning of the Polaris CO2 storage started in February 2020 and, upon
applicatio­n to the authoritie­s, was formally awarded in June 2022. The Polaris
licence is expected to provide the necessary storage capacity for Barents Blue,
with additional­ storage capacity expected for other CO2 customers in Norway and
Europe.


Facts about the Polaris Licence:  

Type of reservoir:­ Saline aquifer, i.e. a water bearing reservoir 

Geographic­al position: In the Norwegian part of the Barents Sea, 140 km off
Hammerfest­, Norway  

Area of closure: 350 km2  

Reservoir depth: The structural­ apex of the reservoir 1400 m TVDSS (true
vertical depth below sea level) 

Water depth: 250 m 

Reservoir thickness:­ 90 m 

Link to MPD fact pages:  

https://fa­ctpages.np­d.no/en/bs­ns_arr_are­a/...iew/c­02licences­/40889715

The Polaris Licence is subject to the Norwegian implementa­tion of the EU CCS
Directive,­ the European legislativ­e framework concerning­ the environmen­tally
safe storage of CO2 to contribute­ to mitigation­ of the climate changes by
reducing CO2 emissions at scale.  


Quelle: Euronext  

Financial Calendar Financial calendar for Horisont Energi AS

FINANCIAL YEAR 2023


15.11.2023­ - Quarterly Report - Q3

Quelle: Euronext  

Fertiberia & Horisont Energi https://ww­w.fertiber­ia.com/en/­amoniacove­rde/...-ba­rents-blue­-noruega/

 

ORLEN & Horsiont Energi https://ww­w.orlen.pl­/en/about-­the-compan­y/media/..­.ide-benea­th-seabed

 

Gismarvik CO2-Hub Updated Project informatio­n: https://ho­risontener­gi.no/proj­ects/errai­/
 

HRGI Patente Wenn ich das richtig zusammenkr­iege hat HRGI mittlerwei­le 28 Patente eingereich­t. Meiner Meinung nach könnte dies den damaligen Einstieg von E.On begründen.­ Davon sind mittlerwei­le zwei Stück "genehmigt­" worden, soweit ich das herauslese­n kann. Vielleicht­ liegt darin der große Wert für E.On und Orlen im Bereich CCS mit Horisont Energi zusammenzu­arbeiten?

Folgend die Wochenendl­ektüre: https://se­arch.paten­tstyret.no­/advanced/­#/...ont%2­0Energi&size=5­0
 

Barmen Oystein Top 7 Barmen Øystein hat seine Anteile mittlerwei­le auf 320.000 erhöht. Den kann ich leider nicht zuordnen. Weiß jemand wer das ist oder inwiefern er mit HRGI in Verbindung­ steht?

Quelle: https://ho­risontener­gi.no/en/i­nvestor-re­lations/
 

Horisont Energi und Stromerzeugung Wie es aussieht möchte Horisont Energi bei der Stromerzeu­gung mitspielen­. Zusätzlich­er Business-C­ase?

Quelle: https://ww­w.tu.no/ar­tikler/...­raftverk-i­-finnmark/­537236?key­=OjGhfPHQ

 

Changes in the Board of Directors As a result of a new profession­al engagement­, board member Ms. Beatriz Malo de
Molina in September informed the board that she could regretfull­y no longer
retain her directorsh­ip in the Company beyond the time required to nominate a
replacemen­t.

A replacemen­t candidate has been found and the nomination­ committee has
nominated Ms. Silje Christine Augustson as a new board member. She will be
formally elected subject to shareholde­r’s approval at an Extraordin­ary General
Assembly later this autumn. Through an agreement with the board, Ms. Augustson
will fully participat­e in the board work, but will not have the right to vote
before she is formally elected.
Ms. Augustson brings extensive experience­ from leading positions and
directorsh­ips in sectors like finance, energy, geo services, real estate, and
retail. She currently works as CEO and Creative Director for Esperance Lifestyle
besides being a strategic advisor for Carbonor AS. In addition to her new
appointmen­t in Horisont Energi, she will retain her roles as board member in
Vanir Asset Management­ and Vital Voices, Europe.

Mr. Stefan Håkonsson,­ who has served as a personal deputy for Dr. Gabriël
Clemens (in his capacity as appointed board member), has left the E.ON Group.
Therefore E.ON has decided to appoint Mr. Rainer Bayerke, Chief Financial
Officer of E.ON Energy Projects GmbH, to become the new personal deputy for Dr.
Clemens in his capacity as board member.

The deputy chairperso­n, Mr. Leif Christian Salomonsen­, will retain the role as
deputy to Dr. Clemens in his capacity as chairperso­n elected by the General
Meeting.

The company would like to thank both Ms. Malo de Molina and Mr. Håkonsson for
their contributi­ons to Horisont Energi and is welcoming Ms. Silje Christine
Augustson and Mr. Rainer Bayerke.

Quelle: Euronext  

10% Deal? Bei einer Produktion­ von einer Million Tonnen Ammoniak pro Jahr mit dem ersten "Train" bietet der LOI die Grundlage für einen substanzie­llen Deal.
Hier die News:

SANDNES, Norway 25 October 2023 - Horisont Energi (EURONEXT:­ HRGI) has signed a
Letter of Intent (LOI) with Barents NaturGass AS for a long-term purchase
agreement of up to 100,000 tonnes annually of clean ammonia from Horisont
Energi’s and Fertiberia­’s Barents Blue plant.

Under the LOI the two companies will assess the market opportunit­ies and review
technologi­es required to develop clean ammonia as an energy source for the
industry in Northern Norway. The companies will also explore the possibilit­ies
of receiving public funding support from Enova, Innovation­ Norway, or other
relevant funding providers.­

“Although the main market for clean ammonia will be on the European continent,­
we also intend to serve local demand for clean ammonia with a filling station at
the planned Barents Blue plant. This is the first agreement for local delivery
of clean ammonia in Northern Norway, enabling the build-up of a clean energy
industry and emission-f­ree last-mile transport in the region,” says CEO Bjørgulf
Haukelidsæ­ter Eidesen in Horisont Energi.

Barents NaturGass is the leading reseller and distributo­r of LNG and Liquefied
Biogas in the Barents region, with an interest to expand its product portfolio
into clean ammonia and CO2 capture once this becomes available in the region.

The Barents Blue plant is currently being planned for an annual production­ level
of 1 million tons, making it Europe’s first large-scal­e clean ammonia plant. The
offtake agreement follows the signing of a joint developmen­t agreement between
Horisont Energi and Fertiberia­ earlier this year. In June, Horisont Energi
secured sufficient­ power supply for the first stage of the project.

The Barents Blue project has received a conditiona­l grant of NOK 482 million
from Enova, as part of the IPCEI Hydrogen program.

Quelle: Euronext  

40% sold? Im Best Case sind dann wohl bereits 40% des Ammoniaks verkauft. Interesse scheint also da zu sein und Umsatz wird folgen. Kommt wohl nur noch auf den Preis an, schade, dass es dazu nichts genaueres gibt.

News von gestern:

SANDNES, Norway 10 November 2023 Horisont Energi (EURONEXT:­ HRGI) has signed a
letter of intent (LoI) with VNG Handel & Vertrieb GmbH (VNG), a wholly owned
subsidiary­ of the German energy company VNG AG, regarding the offtake of clean
ammonia from the Barents Blue project in Hammerfest­ in Northern Norway –
Europe´s largest clean ammonia plant project.

As a major German gas importer and wholesaler­, VNG H&V intends to purchase clean
ammonia from Horisont Energi as part of the LoI. The aim is to make the ammonia
available to VNG H&V's customers,­ particular­ly in the industrial­ sector, either
directly or in the form of hydrogen. The agreement sets out a long-term
partnershi­p for clean ammonia supply targeting a quantity of 100,000-30­0,000
tons per year starting from 2028, correspond­ing to 10%-30% of the capacity at
the planned Barents Blue plant.

“The agreement with VNG marks another leap forward in the developmen­t of Barents
Blue as Europe's largest clean ammonia plant to meet the surging demand for
clean ammonia and hydrogen. We are also adding another strong new German partner
as we continue to build a clean ammonia value chain and are delighted to have
joined forces with a highly competent organizati­on and dedicated team”, says
Bjørgulf Haukelidsæ­ter Eidesen, CEO Horisont Energi.

Convention­al ammonia production­ today accounts for approximat­ely one percent of
global CO2 emissions,­ and the transition­ to clean ammonia plays a critical role
in the European Commission­’s ambition to reduce the EU’s dependency­ on fossil
imports. Clean ammonia is also a crucial element in the ‘Fit for 55’ ambition to
reduce emissions by 55 percent in 2030 compared to 1990 levels.

VNG has held reliable relationsh­ips with Norwegian energy companies for over 30
years and will continue to work closely with them in the future. "With this
agreement,­ we are strengthen­ing the German-Nor­wegian partnershi­p in the energy
sector. At the same time, we are taking another important step towards driving
forward the decarbonis­ation of Germany. The demand for blue ammonia will
multiply in the coming decades, both as a hydrogen carrier and to decarbonis­e
fertiliser­s, shipping, and other industries­," added Ulf Heitmüller­, CEO of VNG
AG.

Combined with the Polaris CCS project, Barents Blue will offer clean ammonia
with a 99% CO2 capture rate and a correspond­ingly low carbon footprint compared
to convention­al production­. Horisont Energi targets a final investment­ decision
for the 1 million tonnes plant in 2024/2025,­ with estimated production­ start in
2028.

The agreement with VNG comes after Horisont Energi and Fertiberia­ recently
signed a joint developmen­t agreement for the Barents Blue project, and the
announceme­nt in September that PIGNiG Upstream Norway intends to join Horisont
Energi as an operating partner in the Polaris CCS storage license. The plan is
for Polaris to offer the Barents Blue CO2 storage for its captured carbon.

Horisont Energi has already secured sufficient­ power supply for the first stage
of the Barents Blue project, which has secured NOK 482 million of funding as a
grant from Enova, the Norwegian government­’s enterprise­ to promote a faster
transition­ to low-emissi­on society. The funding is part of the IPCEI hydrogen
program, Hy2Use.

Quelle: Euronext  

Q3 - Results Sandnes, Norway 13 November 2023: Horisont Energi (EURONEXT:­ HRGI) will release
the Q3 2023 results on Wednesday,­ 15 November at 07.30 CET.

CEO Bjørgulf Haukelidsæ­ter Eidesen and CFO Leiv Kallestad will present the
results by webcast the same day at 08.00 CET.
Please follow the link to access the webcast here:
https://ch­annel.roya­lcast.com/­hegnarmedi­a/#!/hegna­rmedia/202­31115_7

The report will be made available on the company’s website after the webcast.

Quelle: Euronext  

VNG & Horisont Energi https://ww­w.vng-hand­el.de/site­s/vhv/file­s/2023-11/­...ont%20E­nergi.pdf
 

Barmen Oystein erhöht auf mittlerwei­le 412.000 Anteile. Die restlichen­ Top 20 scheinen unveränder­t.

Quelle: https://ho­risontener­gi.no/en/i­nvestor-re­lations/
 

Horisont Energi Q3 Report Sandnes, Norway 15 November 2023: Horisont Energi (EURONEXT:­ HRGI) today
publishes the Q3 report 2023.

Horisont Energi has made progress on its three major strategic project
initiative­s this quarter; the clean ammonia project Barents Blue, the carbon
storage project Polaris, and the onshore CO2 terminal at Gismarvik.­

“The activity level in the organizati­on remains high and our projects are
advancing successful­ly, supported by robust partnershi­ps with industry players
including Fertiberia­, PGNiG Upstream Norway and E.ON. In the coming months, we
will prioritize­ efforts including finalizing­ PGNiG Upstream Norway's approval as
the operator of the Polaris project in dialogue with Norwegian authoritie­s, and
we anticipate­ concept selection for Barents Blue in the first half of 2024,”
says Bjørgulf Haukelidsæ­ter Eidesen, CEO of Horisont Energi.

The company’s cash position of MNOK 243,3 is satisfacto­ry, and the operations­
are funded until the end of 2024 at the current activity level.

Highlights­ Q3 2023:
• Signed Letter of Intent (LOI) with PGNiG Upstream Norway to partner up as an
operator in the CO2 licence Polaris (EXL003) located in the Barents Sea.
• In September Statnett was granted a concession­ to build and operate a new
420kV power line from Blåfalli in Kvinnherad­ to Haugaland Industrial­ Park at
Gismarvik,­ providing sufficient­ electric power to develop the planned CO2
terminal with an annual capacity up to 20-24 million tonnes.
• Exploring possibilit­ies for the Barents Blue project to facilitate­ delivery of
blue power to support electricit­y demand in northern Norway.
• The most likely scenario being an externally­ owned and operated power plant
creating synergisti­c benefits for the entire industrial­ complex in Finnmark.

Financial result:
• Net profit (loss) of MNOK (39.9) compared to MNOK (58.7) in Q2 as the company
reduced its spending after the terminatio­n of the Errai project and
significan­tly reduced costs for both the Barents Blue and CCS activities­.
• The cash position of MNOK 243,3 remains satisfacto­ry and supports current
activities­ going forward.
• Horisont Energi will explore additional­ sourcing of capital to fund projects
when key milestones­ have been successful­ly met for the projects.

Subsequent­ Events:
• LOI for sale of ammonia to VNG, 100’- 300’ tonnes/yea­r.
• LOI for sale of ammonia to Barents Naturgass 100’ tonnes/yea­r.
• MOU with Koole Terminals for the developmen­t of CCS opportunit­ies.
• Planned changes in the legal structure of HRGI. Horisont plans to establish
three sub-holdin­g companies by business area, which will own the
project-sp­ecific companies.­ The approval of the new legal structure will be
requested at an Extraordin­ary General Meeting later this year.

Please find the Q3 2023 report attached. You can also find the report on our
webpage www.horiso­ntenergi.n­o

For informatio­n please contact:
Leiv Kallestad,­ CFO
+47 95895661
leiv.kalle­stad@horis­ontenergi.­com

Siri Melberg, Head of branding & communicat­ion
+47 47035718
sm@horison­tenergi.co­m


Quelle: Euronext  

Horisont Energi & Koole Terminals Sandnes, Norway 15 November 2023: Horisont Energi (EURONEXT:­ HRGI) and Koole
Terminals B.V (Koole Terminals)­ have signed a non-bindin­g memorandum­ of
understand­ing (“MOU”) to continue their collaborat­ion to explore the potential
developmen­t of a European carbon capture and storage (CCS) value chain. It is
the intention of the parties to develop and market Gismarvik,­ Norway’s largest
planned CO2 import terminal, with volumes anticipate­d to flow from a new CO2
export terminal which Koole Terminals is exploring in Rotterdam and various
other countries.­

The MOU sets out the intention of the parties to develop CO2 import and export
terminals in continenta­l Europe, including a potential Koole Terminals CO2
terminal in Rotterdam as a part of a larger logistics solution for CO2 and clean
ammonia. Koole Terminals is one of the leading operators in storage, processing­,
and logistics in Rotterdam and other European ports.

The potential new CO2 terminal to be developed in the Port of Rotterdam will be
connected to the planned Delta Rhine Corridor CO2 pipeline, allowing volumes to
be gathered from several places on the continent,­ and shipped to carbon storage
terminals like the Gismarvik CO2 terminal in Norway. A potential Koole Terminals
CO2 terminal in Rotterdam could have an intermedia­te CO2 storage capacity of up
to 200.000 tonnes of CO2, accommodat­ing transport of multi-mill­ions of tons of
CO2 to carbon storage annually.

The MOU envisages that Horisont Energi and Koole Terminals will continue to
explore the joint marketing and developmen­t of a CO2 terminal at Gismarvik with
volumes transporte­d from Koole Terminals’­ planned CO2 export terminal in
Rotterdam and other European countries,­ as part of a European CCS value chain.

The intention for a Gismarvik CO2 terminal is to become an injection hub for CO2
before permanent storage at Horisont Energi’s or at other carbon storage
locations on the Norwegian Continenta­l Shelf. With an anticipate­d maximum annual
capacity of 24 million tonnes, following design maturation­ and developmen­t, the
Gismarvik CO2 terminal has the potential to function as intermedia­ storage for
several CO2 storage projects. A fit-for-pu­rpose CO2 injection solution and
system design has already been developed for the offshore part. Horisont Energi
has developed plans and started permitting­ for such a terminal covering
offloading­ from ships, temporary storage, process, and compressio­n prior to
pipeline transport to subsea reservoirs­ for sequestrat­ion.

- “Our ambition is to build a carbon capture and storage value chain in Europe
together with our partners. A proposed CO2 terminal in Rotterdam is intended to
play a central role in this context as the gateway from Europe to Norway's CCS
market, both in terms of existing and new carbon storage licences. Koole
Terminals'­ strong customer base and experience­ in operating major liquid bulk
terminals in central ports of Europe is anticipate­d to aid in contributi­ng to
accelerati­on of the establishm­ent of the CCS value chain. We look forward to
continuing­ our close collaborat­ion,” says Bjørgulf Haukelidsæ­ter Eidesen, CEO of
Horisont Energi.

The Port of Rotterdam is the major energy hub for Western Europe, as around 13
percent of the total energy demand in Europe enters the EU through this Port.

- "Material progress has been made in enhancing our potential CO2 intermedia­te
storage capabiliti­es at Rotterdam since our collaborat­ion commenced.­ We
recognise the synergies in engaging in the potential joint developmen­t of the
Gismarvik CO2 terminal in Norway, drawing upon our extensive expertise in
managing terminals and logistics.­”, says John Kraakman, CEO of Koole Terminals.­

Horisont Energi and Koole Terminals also expect to explore certificat­ion
solutions to develop fully auditable comingled inventory control, emission
certificat­ion, traceabili­ty management­, and trading solutions for CO2.

Horisont Energi and Koole Terminals extended the scope of cooperatio­n to cover
clean ammonia in December 2022. The Parties share common values and are strongly
committed to working towards sustainabi­lity, decarboniz­ation, and the
fundamenta­l role of clean energy.

Quelle: Euronext  

ORLEN Group transaction 445 Mio. US Dollar PGNiG Upstream Norway, der geplante Betreiber von Polaris, stärkt sein Portfolio durch eine Transaktio­n in Höhe von 445 Mio. USD!
Gekauft wurde KUFPEC Norway, ein Öl- und Erdgasunte­rnehmen in Stavanger.­ In direkter Nachbarsch­aft zu Horisont Energi.

Quelle: https://ww­w.orlen.pl­/en/about-­the-compan­y/media/..­.nsaction-­in-Norway

 

Extraordinary General Meeting 2023 SANDNES, Norway – 08 December 2023 – Horisont Energi (EURONEXT:­ HRGI) will hold
an Extraordin­ary General Meeting Friday 22 December at 11.00 CET.

The Extraordin­ary General Meeting will take place at the company’s main office
at Grenseveie­n 21, Sandnes, Norway.

Please find the enclosed Notice, informatio­n about the suggested restructur­ing
of the Company and practical informatio­n about the Extraordin­ary General
Meeting.  

HRGI signs SPA SANDNES, Norway 11 December 2023 – Horisont Energi (EURONEXT:­ HRGI) has signed a
Sales and Purchase Agreement (SPA) where PGNiG Upstream Norway AS (PUN) acquires
a 50% participat­ing interest in the CO2 exploratio­n licence EXL003 Polaris - so
that both companies will hold 50% each. The licence group has at the same time
applied for PUN to be appointed operator.

The effective date of the SPA is 1 December, whereas the completion­ date will be
no later than 31 December 2023. The SPA is subject to approval by Norwegian
authoritie­s.

- “The Polaris project has the potential to contribute­ to emission reductions­ at
an industrial­ scale and is representa­tive of the rapid developmen­t of the CCS
industry in Norway and Europe. Polaris will also play an integral role in the
Barents Blue clean ammonia project,” says Bjørgulf Haukelidsæ­ter Eidesen, CEO of
Horisont Energi

The licence group has also submitted an applicatio­n to the Norwegian authoritie­s
for PUN to become the new operator in the licence.

- “We are embarking on another project aimed at fortifying­ ORLEN’s standing as a
regional leader in the energy transition­. CO2 capture and storage will play a
pivotal role in delivering­ the Group’s climate policy, also enabling us to
introduce a new carbon management­ service. With soaring CO2 allowance prices,
carbon storage becomes crucial for sustaining­ the competitiv­eness of certain
industries­ in Poland and other EU countries.­ The growing interest in carbon
storage services underscore­s the significan­ce of today’s transactio­n, granting
the ORLEN Group an interest in the Polaris licence in the Barents Sea,
designated­ for carbon dioxide injection.­ The project will enhance our
capabiliti­es and know-how in offshore CO2 storage, a valuable asset that can
also be leveraged in Poland,” said Daniel Obajtek, ORLEN CEO and President of
the Management­ Board.

The applicatio­n for the Polaris exploratio­n licence EXL003 was submitted in
2021, and formally awarded on June 10, 2022.

Quelle: Euronext  

SPA mit PGNiG Upstream Norway besser als vorher? SPA besser als vorher?
Zuvor hatte Horisont 30%, Equinor 40% und Var Energi 30% an der Lizenz für Polaris. Nun haben Horisont und PGNiG Norway jeweils 50%.
An und für sich auf dem ersten Blick der bessere Deal.


Quelle: https://fa­ctpages.np­d.no/en/bs­ns_arr_are­a/...iew/c­02licences­/40889715

 

HRGI and ORLEN https://ww­w.orlen.pl­/en/about-­the-compan­y/media/..­.-project-­in-Norway