Iverson Efuels As

Iverson eFuels AS is established to develop large scale production of green ammonia in Sauda, Norway. Together with the local community and national authorities we are developing the future of green industry. We are planning development of a large scale, green ammonia plant, deploying industrial use of electrolysis and ammonia technology at Sauda, Norway. Sauda has over a century of industrial history and a unique competence that is needed to build the industry of the future. The global economy needs a clean and reliable source of energy and our product plays a major part in the transformation of new and green energy. Iverson eFuels AS is owned by Hy2gen, an international company designing, building and operating facilities to produce green hydrogen and green hydrogen-based derivatives, and Copenhagen Infrastructure Partners (CIP), a significant green infrastructure investment fund. The consortium plans to invest significant capital in the production, storage and shipping facility which will bring jobs to the local community. Together with Norconsult, a pre-study was completed in 2021 and the project owners have now started the Front-End Engineering Design (FEED) phase, resulting in a full plan for the construction of the facility by 2023. Following a final investment decision, the commencement of construction is scheduled in 2024, and the facility will be fully operational in 2027. The Iverson project will have an initial production of approximately 600 metric tons of green ammonia per day, with the aim to scale up production in the future. The green ammonia will supply the shipping industry with a zero-carbon alternative marine fuel to traditional fossil fuels.