E.On Buys CCS Stake

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German utility E.On has agreed to buy a 25% stake in Norwegian carbon capture and storage (CCS) developer Horisont Energi. The companies plan to use natural gas and CCS to build a blue hydrogen and blue ammonia business targeted at industrial customers. Financial details were not disclosed but the deal could be worth around $40 million based on the recent share price of Horisont Energi.

Carbon Capture (CCS)
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