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Fortescue secures €204m grant in Norway

RICHARD HEAP

December 15, 2023

Australian energy group Fortescue has secured a €204m European Union grant for the 300MW Holmaneset green ammonia project in Norway.

Fortescue is set to start building the plant in 2025 and is due to commission it in 2027. The grant is set to come from the EU’s Innovation Fund, which is funded by its Emissions Trading Scheme.

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