Filling the gap in Europe's green energy supply.
The Holmaneset Project, situated along the coast of the Nordgulen fjord, about 8 km west of Svelgen in Bremanger municipality, will be vital for Europe’s green energy transition.
By developing an integrated facility for producing green hydrogen and ammonia, it will significantly advance Norway’s role in sustainable energy.
Transforming Norway's energy landscape
The Holmaneset Project will produce immense power, replacing fossil fuels in hard-to-abate sectors, and delivering substantial benefits for both Norway and Europe.
Power Use
Tons per annum of green hydrogen production
Tons per annum of Ammonia Production
MtCO2e Emission Reduction over 5-year operation period
Our aim is to develop a local, regional and national value chain for green energy that increases employment, business and training opportunities.
Preliminary estimates indicate 35 to 70 jobs could be directly linked to production at Holmaneset. In addition, there will be indirect employment opportunities through the contracting of local suppliers to perform services, such as cleaning and maintenance.
We are committed to environmental and community protection, adhering to strict standards, and thorough impact assessments to ensure responsible and sustainable development.
The European Union (EU) has endorsed and significantly invested in Fortescue’s plans for a flagship green ammonia plant in Norway, awarding the Holmaneset Project a grant of €203,766,000 as part of its Innovation Fund.
The Innovation Fund is one of the world's largest funding programmes for the demonstration and commercialisation of innovative low-carbon technologies, financed by revenues from the auctioning of allowances from the EU's Emissions Trading System.
The Holmaneset Project will share in €3.6 billion being awarded to a series of innovative large-scale projects by the Innovation Fund.
Download the fact sheet about the EU project from CINEA.
15 December 2023
12 October 2023
13 July 2023
20 December 2022
18 August 2022
19 May 2022
29 March 2022
