The Board of Directors at Oslo-based North Ammonia on Aug. 14 announced the appointment of Mikkel Tørud as the company’s new CEO. He will replace Vidar Lundberg who becomes Chair of the Board. Tørud will take on the role of CEO from October this year.
Tørud comes from the Oslo Stock Exchange-listed renewable energy company Scatec ASA, where he held several management positions including CFO and most recently Executive Vice President Green Hydrogen & MENA. He was also part of the group management in REC (Renewable Energy Corp.) ASA as Senior Vice President, Business Development and Investor Relations, and previously worked in BP and PA Consulting Group. He holds a Master of Science in Industrial Economics and Technology.
“Mikkel has a solid and relevant background with international management experience from project development, capital markets, renewable energy, and hydrogen projects,” said outgoing Chair Nicolai Grieg. “The Board is pleased to bring him to North Ammonia and is confident he is the right person to lead the company forward. We are also happy that Vidar will continue to be closely involved in the development of North Ammonia in his new role as Chair of the Board.”
In addition to Lundberg and Grieg, the North Ammonia Board of Directors includes members Merete Lie Holen and Karoline Glad, both of Vergia/Arendals Fossekompani.
North Ammonia’s goal is to become the leading green ammonia provider in Norway, in line with the Norwegian hydrogen strategy and the required decarbonization of maritime transport. Its first project, the Eydehavn Green Ammonia facility, is in Arendal, Norway, and is focused on developing and constructing an electrolysis and ammonia plant including a bunkering facility directly at the Eydehavn Port. The green ammonia plant is planned to be operational in 2027 with an expansion planned in the future.