Qair, via its subsidiary Qair Iceland H2, has mandated Green Giraffe Advisory as financial advisor for its Katanes hydrogen and green ammonia project in Iceland.
The Hydrogen and ammonia not used for the energy transition in Iceland will be exported to Europe, giving the country a new source of foreign income. By doing this, Katanes is able to utilize the cost advantages that enterprises obtain due to their scale of operations, to secure competitive prices of hydrogen and ammonia to the consumer.
As part of the mandate, Green Giraffe Advisory will support the debt raising process ahead of financial close, providing the full scope of services related to raising project finance debt.
