Norwegian shipping firm Hoegh Evi is set to make a final investment decision this year on an ambitious ammonia-derived hydrogen project in Germany to facilitate the delivery of clean fuel into dedicated grids. The project involves the development of a floating hydrogen import terminal at Lubmin on the Baltic Sea in collaboration with private firm Deutsche ReGas. This initiative aims to leverage ammonia as a carrier for hydrogen, given its established transport chain, overcoming the challenges of transporting hydrogen over long distances due to its low density. Hoegh Evi intends to deploy floating cracker technology by late 2027, offering a cost-effective import option and potentially delivering green hydrogen at a competitive price of $3-$3.5/kg by 2027. With support from Germany's investment in a core hydrogen grid and a substantial 24 billion euro loan from state lender KfW, the project aligns with the country's vision for long-term decarbonization. This innovative approach not only diversifies Germany's energy supply origins but also addresses the challenges posed by high electricity prices in the region.