ExxonMobil, Grieg Edge, North Ammonia, GreenH to assess low-emission hub at Slagen terminal in Norway

• Potential production of up to 20,000 metric tons of green hydrogen; distribution of up to 100,000 metric tons of green ammonia
• Opportunity for Slagen terminal to provide lower-emission marine fuels
• Production facility would be powered by Norwegian hydro-electricity

The study will explore the potential for the terminal, which is powered by hydroelectricity, to produce up to 20,000 metric tons of green hydrogen per year and distribute up to 100,000 metric tons of green ammonia per year. The hydrogen would be produced from hydro-powered electrolysis.

“Hydrogen has the potential to significantly reduce CO₂ emissions in key sectors of the global economy that create valuable products that support modern life,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “This study will explore the potential for ExxonMobil’s Slagen fuel terminal to help reduce emissions from Norway’s maritime sector and help achieve society’s net-zero ambitions.”

ExxonMobil brings its experience and expertise in developing complex, global projects to advance meaningful greenhouse gas emissions reductions, such as the Slagen terminal opportunity.

Grieg Edge, GreenH and North Ammonia will provide their expertise in sustainable maritime transport, hydrogen infrastructure, and green hydrogen and ammonia project development, to study the feasibility for a green hydrogen and ammonia redistribution facility.

“Slagen is an exceptionally suitable location as a central hub for hydrogen and ammonia to the maritime sector,” said Matt Duke, CEO of Grieg Maritime Group. “With the complementary expertise amongst the MOU partners, we have now taken an important next step in our efforts to achieve emissions reductions in the maritime sector."

The International Energy Agency projects hydrogen will meet 10% of global energy needs by 2050, and says it is critical to achieving societal net-zero global emissions. The Norwegian government has published a road map for hydrogen that includes establishing low-emissions hydrogen hubs along the coast of Norway. The Slagen terminal is located at the opening of the Oslofjord, where more than 10,000 ships pass through every year.

"There is high value in producing green hydrogen close to where consumption is,” said Morten S. Watle, CEO of GreenH. “At Slagen, bunkering of hydrogen could be offered straight from the production facility."

Green ammonia is made by using renewable power to separate hydrogen from water (electrolysis). When used as a fuel, green ammonia has no carbon and generates zero CO₂.

"This MOU underlines our strategy to make ammonia available where there is market demand,” said Vidar Lundberg, CEO of North Ammonia. “We will also assess the potential distribution of ammonia from production facilities south of Slagen."

ExxonMobil is working to commercialize lower-emission technologies and support society’s net-zero ambitions by leveraging the skills, knowledge and scale of the business. In addition to evaluating development of ammonia and hydrogen, the company is pursuing strategic investments in carbon capture and storage and biofuels to help bring those lower-emissions energy technologies to scale for hard-to-decarbonize sectors of the global economy.

ExxonMobil is planning to build one of North America’s largest low-carbon hydrogen production facilities at its Baytown, Texas petrochemical complex and is also studying potential for a similar facility at its Southampton Fawley complex in the United Kingdom.

ExxonMobil is exploring opportunities to use ammonia as a low-emission and high-efficiency energy carrier, particularly to ship and store hydrogen over long distances. Ammonia is typically produced from natural gas and is commonly used as an industrial and agricultural chemical, particularly in fertilizer, but has the potential for wide use in power generation, industrial heat and marine fuels.

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About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and low-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.

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About GreenH

Green H is a Norwegian company that develops infrastructure for the production and distribution of green hydrogen. The company is engaged in projects aimed at building, owning and operating hydrogen production facilities for the maritime sector, transport and industry along the Norwegian coast. Home - GreenH

For media inquiries:
Contact: Morten S. Watle  934 09 896

About Grieg Edge

Grieg Edge is Grieg Maritime Group's dedicated innovation unit. Grieg Edge identifies, invests in and develops new business opportunities within shipping and related maritime segments - always with sustainability as a prerequisite. The company has taken an active role in developing shipping's future green fuels. griegedge.com

For media inquiries: 
Contact: Vidar Lundberg, +47 957 47 100

About North Ammonia

North Ammonia develops and invests in green hydrogen and ammonia production and availability projects to reduce climate emissions from maritime transport and other industries. The company aims to become a leading Norwegian supplier of green ammonia. The company is a joint venture between Grieg Maritime Group and Arendals Fossekompani. northammonia.com

For media inquiries:
Contact: Vidar Lundberg, +47 957 47 100

Cautionary Statement: Statements of future events, plans and objectives, investment opportunities, projects or partnerships in this release are forward-looking statements. Actual future results, including project plans and outcomes, partner participation, timing, capacities, and costs could vary depending on the ability to execute operational objectives on a timely and successful basis; the outcome of future research and technology development efforts, including collaborative efforts to develop green hydrogen and ammonia projects successfully; the ability to implement new technologies and scale projects on a commercially competitive basis; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities;  the development and pace of supportive market conditions and policies including support for green hydrogen and ammonia; changes in laws and regulations including environmental laws and taxes and the development and pace of supportive policy conditions; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; changes in supply and demand and other market factors affecting future prices of oil, gas, and petrochemical products and the economics of green hydrogen and ammonia;  the pace, implementation, and outcomes of carbon capture and storage and biofuel projects; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.

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