Horisont Energi extends partnership with Koole Terminals to include CO2 Terminal

26. August 2022

Horisont Energi (EURONEXT: HRGI) and Koole Terminals B.V. (Koole Terminals), a leading independent liquid bulk storage company, today announced the planned development of a CO2 terminal in the Port of Rotterdam. This terminal and storage facility at the Port of Rotterdam will handle both clean ammonia and CO2. Redevelopment of several hectares for tank storage, multi-modal connections, and access to at least two deep-sea jetties will allow for multi-million tonnes of product throughput.

In the fall of 2021, the two companies signed a memorandum of understanding to collaborate on the development of a terminal and storage facility at the Port of Rotterdam for clean ammonia produced and shipped from the clean ammonia plant Barents Blue. The agreement will have a wider scope going forward, and it now includes the intermediate storage of CO2 which will be permanently stored at Horisont Energi’s planned offshore storage facilities in Norway.

“We are very excited to announce that our cooperation with Koole Terminals will include a CO2 terminal. The two companies have cooperated well during this first year, and it is essential for us to bring about solid relationships with key storage, handling, and transport partners in the region so we can establish an end-to-end carbon capture and storage (CCS) service, while ensuring that our clean ammonia can reach all potential clients. This is an important step for Horisont Energi.”

Bjørgulf Haukelidsæter Eidesen

CEO of Horisont Energi

The Port of Rotterdam is the major energy hub for Western Europe, with around 13 percent of the total energy demand in Europe entering the EU via Rotterdam. Koole Terminals is one of the leading operators in storage, processing, and logistics at the port.

“We look forward to continuing our great collaboration with Horisont Energi. This partnership fits very well with Koole Terminals’ sustainable energy strategy to facilitate the transition to a low-carbon future, and we are proud to work together with Horisont Energi to materialize their European distribution hub for renewable energy and CO2. Furthermore, it will accelerate Koole Terminals’ international expansion plans to reach new markets.”

Tamme Mekkes

Business Development Director of Koole Terminals

About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that provides clean energy and carbon transport and storage services. The company will transform natural and renewable gases, water and renewable energy into cost-leading clean ammonia and hydrogen and offer CO2 transportation and storage services using proprietary technology, paving the way for a low carbon economy. The company was founded in 2019 and is headquartered in Sandnes, Norway.

About Koole Terminals
Koole Terminals is a leading and independent storage, processing, and logistics company, enabling business growth through integrated and innovative service offerings for large-volume products, driving the energy transition forward for a sustainable future by supporting its world-class customers. With 11 strategically located terminals in Europe and a total volume of 4,100.000 cbm, Koole reflects the diversity of its customers’ needs. From transporting, storing, blending, and processing a wide range of products, to ensuring a low carbon footprint through focused energy efficiency. All these solutions are always provided in a safe, reliable, and sustainable manner.
koole.com

For further information, please contact:

Horisont Energi

Bjørgulf Haukelidsæter Eidesen

+47 990 36 892

bhe@horisontenergi.com

Siri Melberg

+47 470 36 718

sm@horisontenergi.com

Koole Terminals

Tamme Mekkes

+31 6 83 58 94 25

t.mekkes@koole.com

Jasmijn Stolk

+31 6 82 99 05 58

j.stolk@koole.com