Proton Ventures was established in 2001 and has been responsible for the development of several large-scale ammonia export hubs, including ammonia terminals and ammonia production facilities.
A new project development company, Barents Clean Ammonia AS, has been established, with Barents Blue holding 75% and Proton Ventures holding the remaining 25% of the shares.
By joining forces, the partnership will advance the project towards a Final Investment Decision in 2027, enabling production to commence in 2031.
The Barents Clean Ammonia project is Europe’s largest clean ammonia production plant. located in Finnmark in Northern Norway. The first ammonia production train is planned to produce 1 million tonnes of clean ammonia annually, and will be among the most energy efficient blue ammonia plants in the world, with best-in-class carbon footprint and in compliance with the EU taxonomy and the Delegated Act for Low-carbon Hydrogen.
In 2021, The Barents Blue project was awarded a grant of NOK 482 million under the EU IPCEI hydrogen program, Hy2Use. The IPCEI award acknowledged the substantial potential and innovative nature of the Barents Clean Ammonia project.
About Barents Blue AS
Barents Blue AS (previously a subsidiary of Horisont Energi AS) is developing the Barents Clean Ammonia Project, a clean ammonia project in Hammerfest, Northern Norway.
We are a Norwegian, independent clean energy company with the mind and heart of a start-up. We support the Paris Agreement and its ultimate ambitions and will be part of a carbon neutral future. Our main strategy is to grow organically and gradually develop new clean ammonia assets and clean ammonia value chains that individually create value and that will realize our common goal of carbon neutrality.
The company was founded in 2025 with the head office is in Sandnes, Norway.
About Proton Ventures
Proton Ventures has been a pioneer in the (green) ammonia industry. Ranging from modular NFuel concept to the development of large-scale ammonia export hubs, including large-scale storage facilities and innovative ammonia decomposition techniques to extract hydrogen, Proton Ventures covers the entire (green) ammonia value-chain.
From concept to operational facilities, Proton Ventures offers consultancy support, project development management, feasibility study and FEED study engineering services, up to and including the actual EPC and/or EPCM works.
Proton Ventures delivers innovative green engineering and (turnkey) solutions for world-scale storage terminals, ammonia production units and other process applications.
Proton Ventures has been founded as a Dutch company in 2001 with its head office in Schiedam, Netherlands. protonventures.com