FAQ's

• Iverson is funded to execute a capital intensive project development/FEED phase. This would not happen if the investors did not believe in the project potential. The final project realization (investment decision) will require support from local and national authorities.
• We do have a unique opportunity to use the local competence at Sauda to develop a green industry adventure for the international market.

FEED process from now until FID in early 2024. First production in late 2027. Capex estimated at 6 bill NOK

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.  

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.

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.

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.

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.

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.

• Safety to people and environment is our first priority
• Our people will have training and all necessary safety to ensure a safe working environment.
• Iverson applies a zero harm tolerance, and we will therefore apply all safety measures to ensure that people are safe.

• Dangerous goods (explosive, toxic) are part of many industries today, and industry in Sauda and Norway have competence and experience to manage such products.
• Safety will always be our first priority, and we will work closely with all authorities and expertise to establish appropriate safety routines.
• Iverson will comply with Norwegian and international HSE standards, and we shall be industry leading in safety management.

• Iverson has a zero tolerance for harm to people and environment – this means that we will have work to ensure this and also understand consequences of an accident and being prepared.
• We work with all authorities and the fire department at Sauda for preparations in the event of an accident.
• Iverson also work closely with Erament Sauda to adopt local experience on incident management.

• Safety for people and environment is our first priority. Iverson could not establish this project if it was a risk to the local environment.
• We will aim to share as much information as practically possible as to safety measures, process and any particular focus areas of concern in the next steps.
• We are a part of the local community and our people live here.

• The green ammonia will be shipped from the Sauda port. Sauda already has appropriate port facilities and experience with ship transportation in the Sauda fjord.
• The port is already well established and in use by Eramet which has positive experiences using the port. The distance from Sauda to the market is also positively manageable.