{"id":1027,"date":"2024-11-18T13:45:00","date_gmt":"2024-11-18T11:45:00","guid":{"rendered":"https:\/\/www.greennorth.energy\/?post_type=ajankohtaiset&p=1027"},"modified":"2024-11-18T15:59:40","modified_gmt":"2024-11-18T13:59:40","slug":"green-north-energy-partners-with-meridiam-to-develop-finlands-first-green-ammonia-plant","status":"publish","type":"ajankohtaiset","link":"https:\/\/www.greennorth.energy\/en\/news\/green-north-energy-partners-with-meridiam-to-develop-finlands-first-green-ammonia-plant\/","title":{"rendered":"Green North Energy partners with Meridiam to develop Finland’s first green ammonia plant"},"content":{"rendered":"\r\n
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Green North Energy partners with Meridiam to develop Finland’s first green ammonia plant<\/h1>\n<\/div>\n<\/div>\n\n\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\r\n\r\n\n\n\r\n
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Green North Energy, a Finnish green energy project development company, is receiving the support of Meridiam, an independent Benefit Corporation specialized in the development, investment and asset management of sustainable infrastructure over the long term. Meridiam support will enable the final stages of development of the company\u2019s first green hydrogen and ammonia plant, which is set to begin operations in Naantali, Finland.<\/strong><\/p>\n

Green North Energy, established by the Finnish consulting and engineering company Elomatic, is currently developing its first green ammonia plant in Naantali. Meridiam support will\u00a0accelerate the project implementation, leveraging its extensive experience in sustainable infrastructure development. The purpose of Naantali project is to produce ammonia in a carbon-neutral way, which is critical to the decarbonization of various sectors, including agriculture.<\/p>\n

Green ammonia provides raw material particularly for agricultural needs, and its production can reduce Finland\u2019s and Europe\u2019s dependence on ammonia imports from other countries such as Russia, while decarbonizing the agriculture sector. \u00a0Additionally, green ammonia has emerging potential as low-carbon fuel option for maritime transport, contributing to reduced carbon dioxide emissions. Specifically, emissions can be reduced by approximately 330,000 tons per year. This reduction is equivalent to the annual emissions of about 165,000 passenger cars.<\/p>\n

\u201cMeridiam is an excellent partner for us, as both companies prioritize responsibility in their core values. Finland\u2019s hydrogen economy needs the first projects to succeed to pave the way for the entire sector. As a large-scale project, we are at the forefront of shaping this future,\u201d says\u00a0Patrik Rautaheimo<\/strong>, Chairman of the Board of Green North Energy.<\/p>\n

Meridiam has already established a strong presence in Finland and continues to expand its commitment to sustainable infrastructure with its investment in Green North Energy. \u201cWe bring extensive experience from similar green energy projects in our portfolio and are committed to promoting advance sustainable solutions, and Elomatic, as an experienced player, is a great partner for us in implementing green ammonia plants. Finland offers excellent conditions for profitable and sustainable business, particularly through its effective green electricity markets,\u201d says\u00a0Matthieu Muzumdar<\/strong>, Deputy CEO of Meridiam.<\/p>\n

Naantali is an ideal location for green ammonia production, thanks to its excellent logistics and transport infrastructure. Additionally, the district heating network in the Turku region enables the use of heat generated in the process. Ammonia is a critical issue for security of supply across Europe, and Green North Energy is well-positioned to meet this need.<\/p>\n

\u00a0<\/strong><\/p>\n

Further information:\u00a0<\/strong><\/p>\n

Jussi Ylinen, Managing Director
Green North Energy Oy
+358 40\u202f577 2430
jussi.ylinen@greennorth.energy<\/a><\/p>\n

\u00a0<\/p>\n

Established in 2021 by Elomatic and private investors,\u00a0<\/em>Green North Energy<\/em><\/strong>\u00a0is a green energy project development company, which enables the operation of green hydrogen and ammonia plants. The company\u2019s pilot plant will be built in Naantali, Finland.<\/em><\/p>\n

www.greennorth.energy<\/a><\/p>\n

\u00a0<\/p>\n

Meridiam<\/em><\/strong>\u00a0was founded in 2005 by Thierry D\u00e9au, with the belief that the alignment of interests between the public and private sector can provide critical solutions to the collective needs of communities. Meridiam is an independent investment Benefit Corporation and an asset manager. The firm specializes in the development, financing, and long-term management of sustainable public infrastructure in three core sectors: sustainable mobility, critical public services and innovative low carbon solutions. With offices in Addis Ababa, Amman, Dakar, Istanbul, Johannesburg, Libreville, Luxembourg, Paris, Vienna and Washington, Meridiam manages over US$22 billion and more than 125 projects to date. Meridiam is certified ISO 9001: 2015, Advanced Sustainability Rating by VigeoEiris (Moody\u2019s), ISO 37001 Anti-Corruption certification by AFNOR and applies a unique methodology in relation to ESG and impact based on United Nations\u2019 Sustainable Development Goals (SDGs).<\/em><\/p>\n

www.meridiam.com<\/a><\/p>\n

\u00a0<\/p>\n

Elomatic<\/em><\/strong>\u00a0is an international consulting and engineering company that provides top-level expert services, products and turnkey solutions to process, machinery, marine, energy and pharmaceutical industries. We are focused on continuous improvement and sustainable development, and we are committed to design solutions that increase the wellbeing of people and the environment. Established in 1970, Elomatic employs over 1,300 professionals, and has customers in more than 80 countries across the globe.<\/em><\/p>\n

www.elomatic.com<\/a><\/p>\n\n\n\n

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Green North Energy, a Finnish green energy project development company, is receiving the support of Meridiam, an independent Benefit Corporation specialized in the development, investment and asset management of sustainable infrastructure over the long term. 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