Neptun Glomfjord Green Ammonia AS

Its core activities center on producing green hydrogen through water electrolysis powered by renewable hydropower, followed by the synthesis of that hydrogen into ammonia. The flagship project involves a 100 metric tons per day (MTD) modular green ammonia plant, with technology supplied by Swiss firm Casale under an agreement announced in the context of the query. The facility is planned for commissioning in 2027 and will target applications in the maritime sector as a zero-carbon fuel as well as broader industrial uses. The project has secured 150 million NOK in support from Enova and involves an estimated investment of around 100 million euros, with additional power capacity reservations in place.

Ownership is led by Prime Green Energy Holding Norway AS holding approximately 77.7% of shares, linked to the Prime Capital group. Minority stakes are held by Neptun Tromsø AS (12.2%) and Greenstat Hydrogen AS (10.1%). The company was formerly known as Glomfjord Hydrogen AS and underwent a name change around 2024. It plans to employ around 15 staff, primarily engineers and operators, once operational.

Positioned as part of Norway's green industrial and energy transition efforts in Northern Norway, Neptun Glomfjord Green Ammonia AS contributes to decarbonization in shipping and heavy industry through renewable ammonia production at an established industrial park with supporting infrastructure.