Entering into a new leadership role to decarbonize shipping

From November 1st, Hege Økland will move into a new management position to make shipping emission-free. In her new roles as Head of Iverson eFuels AS and Head of Hy2gen Norge AS, she will now lead the development of green ammonia production in Sauda, a renewable power center in Western Norway.

Hege Økland has for more than ten years built up and led the cluster organization Maritime CleanTech and has had a central role in the development of several collaborative innovation projects in the Norwegian maritime cluster.

From 1st of November, she will move into a new role and lead the establishment of the production of green ammonia in Sauda. The Sauda project, which is also known as “Iverson” is planned to have the capacity in the first phase to produce 600 tons of ammonia per day with an electrolysis capacity of approximately 250 megawatts. The plan is for the facility to be further scaled up becoming one of the largest production facilities for green ammonia in the world.

Hege Økland
Credit: Hy2gen

Økland has been appointed as head of Hy2gen Norge AS, which is one of three partners in the Iverson project in Sauda. The other partners are the trading company Trafigura and a fund managed by Copenhagen InfrastructurePartners (CIP). Together, the three project partners have the necessary expertise and ability to carry out such a project.

- I am looking forward to leading this project with these partners who all have a strong will and ability to succeed in contributing to the green shift in shipping. Large-scale development is taking place on the ship technology side to be able to use ammonia as fuel. Now it remains to arrange the delivery of the fuel, which of course must be carbon-free, says Hege Økland.

The project will create several hundred jobs in Sauda and be an important contributor to the green industrial transition.

In her role as head of Hy2gen Norge AS, Økland will also assess other locations in Norway and Scandinavia for similar investments in the production of green fuels. - We want to establish ourselves in locations together with local and international partners where we see a willingness to facilitate new green industrial workplaces, as we see in Sauda. Achieving the climate goals is more important than ever and this involves both huge investments and great industrial opportunities. We want to be a part of that, concludes Hege Økland.

About Hy2gen Norge AS: Founded in 2019 and is 100% owned by Hy2gen AG, Germany. Hy2gen AG develops, finances, builds and operates plants for the production of green hydrogen and hydrogen-based e-fuels worldwide. These products are used to create climate neutral and competitive fuels and industrial solutions. The first plants are being built in France, Norway, Canada, Germany, and the USA. Hy2gen’s goal is to become the market leader in the production of green hydrogen and green e-fuels for mobility, agriculture, and industry. Founded in 2017, the company’s first-mover advantage is underlined by a current project pipeline in planning and construction of 950MW and a project pipeline of over 12GW in development. At the beginning of 2022, Hy2gen has closed the World’s largest private placement in green hydrogen, Hy24 Mirova CDPQ and Technip Énergies joining forces to make record €200 Million Investment and strengthening the founding members and first investors like Trafigura. For more information, visit: www.hy2gen.com

About Trafigura:

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals & Minerals, and Power & Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. For more information, visit: www.trafigura.com

About Copenhagen Infrastructure Partners: Founded in 2012, CIP today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore- and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, Power-to-X and advanced bioenergy.

CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 135 international institutional investors. CIP will accelerate its role in the global energy transition and aims to have EUR 100 billion under management in green energy investments by 2030. CIP has approximately 350 employees and offices in Copenhagen, London, Hamburg, Utrecht, New York, Tokyo, Singapore, Seoul, and Melbourne. For more information, visit www.cip.dk

Questions or more information: Hege Økland, phone: + 47 957 53 695

Email: h.okland@hy2gen.com