Höegh Evi's Expansion into Hydrogen and Ammonia Opportunities
Key Ideas
  • Höegh Evi, formerly Höegh LNG, is transitioning to focus on hydrogen and ammonia opportunities alongside LNG, emphasizing the shift towards cleaner energy sources.
  • The company aims to develop floating infrastructure for hydrogen and ammonia imports, ammonia cracking technology, and carbon capture and storage (CCS) by the end of the decade.
  • Höegh Evi signed an agreement to create the world's first floating green ammonia cracker, showcasing its commitment to innovative solutions for sustainable energy production.
  • With a strong reputation in the LNG industry, Höegh Evi is strategically expanding its focus to meet evolving energy demands and support the energy transition towards cleaner molecules.
Höegh LNG, a global floating LNG infrastructure company based in Norway, has rebranded to Höegh Evi to signal its shift towards hydrogen and ammonia opportunities in addition to LNG. The company, with over 50 years of experience, is now venturing into developing floating infrastructure for hydrogen and ammonia imports, as well as carbon transport and storage (CCS). The new focus aligns with the growing demand for clean energy solutions as the world transitions towards a more sustainable energy mix. Erik Nyheim, President and CEO of Höegh Evi, highlighted the importance of balancing current energy security needs with future clean energy ambitions, positioning the company as a key partner for customers navigating this transition. Höegh Evi is actively working on marine infrastructure projects like floating ammonia and hydrogen import terminals, ammonia cracking technology, and CCS initiatives, showcasing its commitment to innovative solutions. In a recent partnership with Deutsche ReGas, Höegh Evi is set to develop the world's first floating green ammonia cracker, producing hydrogen for the hydrogen core network. This move represents a significant step towards decarbonization and sustainable energy production. Morten Høegh, Chairman of the Board of Directors at Höegh Evi, emphasized the organization's dedication to maintaining its reputation in the LNG industry while expanding its focus to meet new energy demands. Overall, Höegh Evi's transition to focus on hydrogen and ammonia opportunities reflects a positive sentiment towards clean energy and innovation in the energy sector.
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