Press Release: Proton Ventures, a pioneer in the clean ammonia industry partners with Barents Blue for realization of the Barents Clean Ammonia project

Barents Blue AS today announces Proton Ventures as new partner to the Barents Clean Ammonia Project (project formerly known as the Barents Blue project). The Dutch engineering and project development company is a pioneer in the clean ammonia industry and will bring  significant resources and industry expertise to the project and the value chain for clean ammonia, important for the realization of Europe’s largest clean ammonia production plant located in Finnmark, Northern Norway.

Proton Ventures was established in 2001 and has been responsible for the development of several large-scale ammonia export hubs, including ammonia terminals and ammonia production facilities.

A new project development company, Barents Clean Ammonia AS, has been established, with Barents Blue holding 75% and Proton Ventures holding the remaining 25% of the shares.

By joining forces, the partnership will advance the project towards a Final Investment Decision in 2027, enabling production to commence in 2031.

The Barents Clean Ammonia project is Europe’s largest clean ammonia production plant. located in Finnmark in Northern Norway. The first ammonia production train is planned to produce 1 million tonnes of clean ammonia annually, and will be among the most energy efficient blue ammonia plants in the world, with best-in-class carbon footprint and in compliance with the EU taxonomy and the Delegated Act for Low-carbon Hydrogen In 2021, The Barents Blue project was awarded a grant of NOK 482 million under the EU IPCEI hydrogen program, Hy2Use. The IPCEI award acknowledged the substantial potential and innovative nature of the Barents Clean Ammonia project.