09/07/2022

H2Carrier and Statkraft to cooperate on study of green ammonia floating production vessel

H2Carrier AS and Statkraft have entered into a Memorandum of Understanding regarding a study for the possible use of H2Carrier’s unique green ammonia floating production vessel, the P2XFloater™ on certain offshore wind locations. The P2XFloater™ will utilize renewable power to produce green hydrogen and green ammonia which in turn can be shipped to the international markets.

H2Carrier recently received an Approval in Principle (AiP) from DNV for the use of the P2XFloater™ for near-shore production. The purpose of this new study is to evaluate the use of the P2XFloater™ in a true offshore environment.

The P2XFloater™ will contribute to improve the power flexibility of an offshore wind installation and make an offshore wind farm less dependent on grid and export cable facilities. The study will assess the challenges of operating electrolyzers and an ammonia production process offshore with variable load handling. H2Carrier will conduct the study together with the Norwegian engineering company KANFA who, together with its’ parent company Technip Energies, has extensive experience from the offshore production and installation industry.

“Market demand for green ammonia is rapidly increasing due to the decarbonisation of the industrial and maritime sectors. The P2XFloater™ concept provide a low-cost, fast-track and flexible solution to produce green ammonia on an industrial scale and at a competitive price,” says Mårten Lunde, CEO of H2Carrier AS.

“We are very pleased to cooperate with Statkraft and KANFA to assess the impact of operating our P2XFloater in a true offshore environment. While we so far have focused on near shore operations, we are convinced that the P2XFloater will play an important role in the commercialisation of offshore wind resources,” Mr. Lunde adds.