Green Fuel and Haldor Topsoe have signed an MOU which will see the companies partnering to identify efficient and scalable technologies for the production of green ammonia in Iceland.

The agreement also enables the two companies to explore other business opportunities within green ammonia. Green ammonia will be vital for the decarbonization of hard-to-abate industries such as shipping, heavy goods transport and agriculture.

Topsoe and Green Fuels are both already active in developing green solutions to help combat the climate challenge. The two parties are now collaborating to develop viable and efficient solutions, which could serve to establish Icelandic production of green ammonia.

“Iceland offers large-scale volumes of the renewable power needed from its vast hydro and geothermal resources, and we see an exciting potential for the production of clean fuels,” said Tore Sylvester Jeppesen, Senior Vice President at Topsoe.

As part of its plan to produce green ammonia and green hydrogen in Iceland, Green Fuel has also secured an LOI to operate at Bakki Eco-Industrial Park in northeast Iceland.