Saga Pure ASA: Invests NOK 35 million in blue ammonia company Horisont Energi
(Oslo, 28 December 2020) Saga Pure ASA (Saga, OSE: SAGA) has committed to subscribe for NOK 35 million in a private placement of new shares (the “Private Placement”) in Horisont Energi AS (Horisont Energi). Following the Private Placement Saga will own 11.7% of the company. “Ammonia production is currently the biggest consumer of hydrogen globally, and has massive associated CO\2\-emissions today. Even in a decarbonized world we will continue to need ammonia, both for fertilizer applications, but ammonia also has a significant potential as a zero-emission energy carrier – as long as it