A new carbon removal business is set to be launched by Horisont Energy and E.ON, with the firms on Wednesday (12th Jan) inking a new deal for the development of an European end-to-end carbon capture, transport and storage service offering.
Each of the European companies will play to their strengths within the new entity, with E.ON taking responsibility for the carbon capture and liquefication side of things and Horrisont Energi being responsible for carbon dioxide (CO2) transportation and sequestration.
In addition to the focus on carbon capture, the duo has also agreed to focus on the production of clean hydrogen and ammonia – a market which is experiencing great growth.
To deliver the above, it has been agreed that E.ON will take a 25% stake in Horisont Energi.
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