Is the project just an idea, or is it really going to happen?
What are expectations to timing and cost?
FEED process from now until FID in early 2024. First production in late 2027. Capex estimated at 6 bill NOK
What type of technology and concept will you be applying?
The project has executed a feasibility study from which the owners have concluded that there is a general basis to establish a 300 MW green ammonia plant in Sauda. In this FEED phase we will conclude on all aspect of the project including technology, concept, engineering, commercial and more.
What are your plans to organization and recruitment
A project management team (incl owner employees and contractors) is in place working actively to execute the FEED phase. Construction will require work from local contractors, directly and indirectly involved in the construction of the plant. Recruitment of local staff for the operations of the factory will start as part of the construction phase and in good time before production starts in order to provide training before commencement of operations. We will be looking to recruit both experienced professional and graduates from school. Personnel with process engineering competence will be of particular interest, and there will also be need for commercial and administrative professionals.
Who are the owners of Iverson eFuels AS
The green ammonia production facility, named Iverson eFuels AS, is owned by Hy2gen Norge AS, Trafigura, one of the internationally leading independent commodity trading companies, and Copenhagen Infrastructure Partners (CIP), a Danish fund management company focused on renewable energy infrastructure.
What do you think about openness in such a process as you are in?
Iverson eFuels AS wants to be part of the local community and open and transparent in everything we do. The project has executed a feasibility study from which the owners have concluded that there is a general basis to establish a plan for large scale production of green ammonia at Sauda. In this next phase we shall conclude on all factors that are required to achieve an investment decision in 2024. This also means that we have not yet concluded on all aspect of the project and there will be many areas that will need further development with authorities/regulators, experts, engineering and technology developers. Therefore, and as a natural part of the project development, there will be items which we cannot conclude on until project has matured more. Openness is anyway key for Iverson to be part of the Sauda community.
Is the current power market a concern for the project?
Hydropower prices fluctuate, and right now prices are record high. Just a couple of years back, prices were record low. Norway has always been a low-price region and Sauda will continue to have competitive power prices which is a pre-requisite for project establishment. Iverson is there for the long run, which will include international power prices going up and down. Before a market is developed, and for any country that wants to establish green hydrogen/ammonia production, subsidies/grants will be required to facilitate for investment decisions. The first industry establishments will facilitate for a supply/demand mechanism development internationally furthermore developing the commercial market, and Iverson has the potential of becoming a first commercial project.
Will people and environment be exposed to risk from the plant?
Safety and security for people and environment is, and shall be, the number one priority. Iverson will not develop and operate the green ammonia production in Sauda if there is a chance of harm to people and environment. Therefore, the project will apply best practice solutions on technology and HSE management of development and operations, in addition to working with national and local authorities and according to guidelines and regulations governing this type of production. Hydrogen is an explosive gas, and ammonia is poisonous, and HSE will always be the number one priority. Project will comply with Norwegian and international safety standards to avoid any danger to the surroundings. Iverson will also work closely with the authorities and expertise to apply best solutions and manage risk to avoid harm to people and environment.
To what extent will employees be exposed to dangerous goods in the work process?
Why establish a plant using explosive and toxic material in production processes?
To what extent will a plant accident affect the local environment?
How will the production impact the local environment. I.e. Air, toxic gases
How will the product be transported?