Green Fuel and Haldor Topsoe have signed a Memorandum of Understanding (MOU) which will see the companies partnering to identify efficient and scalable technologies for the production of green ammonia in Iceland.

The agreement also enables the two companies to explore other business opportunities within green ammonia. Green ammonia will likely be used in the decarbonization of hard-to-abate industries such as shipping, heavy goods transport and agriculture.

As part of its plan to produce green ammonia and green hydrogen in Iceland, Green Fuel has secured a Letter of Intent to operate at Bakki Eco-Industrial Park in north-east Iceland.