Proton Ventures joins Barents Clean Ammonia project

NORWAY

Proton Ventures joins Barents Clean Ammonia project

Barents Blue AS has announced Proton Ventures as a new partner in the Barents Clean Ammonia Project (project formerly known as the Barents Blue project). Barents Blue says that the Dutch engineering and project development company, a pioneer in the clean ammonia industry, “will bring significant resources and industry expertise to the project and the value chain for clean ammonia, important for the realisation 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. Barents Clean Ammonia is Europe’s largest low carbon ammonia project. The first ammonia production train is planned to produce 1 million t/a of ammonia, and will be among the most energy efficient blue ammonia plants in the world, in compliance with the EU taxonomy and the Delegated Act for Low-carbon Hydrogen.