Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries.
The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia and methanol producer building on Aker’s 180 years of industrial heritage, and Statkraft, a leading developer and generator of renewable energy with a substantial experience and presence in India and Brazil.
“With considerable renewable energy production and market activities in India and Brazil, Statkraft is well positioned to capture green hydrogen opportunities in these two huge and important energy markets. Developing such opportunities helps us grow our business and reduces greenhouse gas emissions in India and Brazil,” said Jürgen Tzschoppe, Executive Vice President International Power of Statkraft.
Emissions from the steel and ammonia industries contribute to close to 9 percent of the global greenhouse gas emissions and are classified as hard-to-abate sectors. Green hydrogen provides an emission-free alternative to decarbonizing these industrial sectors and an opportunity to increase security of supply of the two commodities.
“We are excited to join forces with Statkraft to accelerate the transition from grey to green solutions in India and Brazil,” said Knut Nyborg, Chief Executive Officer of Aker Clean Hydrogen.
“The potential environmental benefits from decarbonizing hard-to-abate industries like the steel and ammonia industry in India and the fertilizer industry in Brazil are substantial. Both India and Brazil are large consumers of hydrogen, have supportive governmental policies and benefit from world-class renewable energy resources, which offers significant opportunities for green hydrogen and ammonia production.”