Spain’s Técnicas Reunidas announced that it will execute a competitive Front End Engineering Design (FEED) for Fortescue’s hydro-powered green Holmaneset Project, which will be carried out on the coast of the Nordgulen fjord, located in western Norway.
The project includes a 300 MW hydrogen production plant, made up of multiple electrolyzer modules; an ecological ammonia synthesis plant with a nominal capacity of 675 mt/d; and ammonia storage facilities, water treatment and maritime infrastructure, including an import and export port and an undersea gas pipeline. Production will go to the Norwegian and European markets.
The European Union (EU) last month chose to significantly invest in the project, awarding it a grant to €203.8 million as part of its Innovation Fund. The grant will be paid on the completion of specified project milestones, with the first installment to be paid on financial close.