Slagentangen - Photo: ExxonMobil
Photo: ExxonMobil

Quantafuel, Gen2 Energy, Skagerak Energi behind green initiative at Slagentangen

In a Memorandum of Understanding, the parties agree to work towards establishing a green industrial park at Slagentangen in Vestfold, Norway.

The main purpose of Slagentangen Green Energy Park will be to accelerate the transition to a low-carbon society and promote circular economy by replacing today’s oil & gas-related activity at Slagentangen with green industry.

Today, Esso is operating an oil refinery in the area. The downscaling of Esso’s activities provides space for green initiatives.

The three partnering companies will explore opportunities for establishing industrial operations at the site within their core businesses: chemical recycling of plastics and waste management (Quantafuel); production and distribution of green hydrogen (Gen2 Energy) and the supply of electric power and energy solutions (Skagerak Energi).

“To turn Slagentangen into a green park will pave the ground for developing sustainable Norwegian industry. After decades of oil & gas-related activity, this will show that the green shift is already happening and also have great symbolic value, says interim CEO at Quantafuel, Terje Eiken.

The future development of the green industrial estate involves joint ownership of the site and developing it into a main cluster for green energy and circular economy.

“The three signers of the MoU represent important aspects of the green shift, with recycling, power production and turning power into green hydrogen for distribution and use in European markets. The partners aim to develop the site further and add further suitable green industrial activity,” says Øystein Sæther, Executive Vice President Øystein Sæther at Skagerak Energi.

“Slagentangen has a strong potential as a hub for green energy in the Oslofjord Area. Green hydrogen is a superb fit for the site. The site offers easy access to key regional and international markets and is perfectly equipped with infrastructure to facilitate industrial activity. We invite others who could be interested in starting green businesses on the site to contact us,” says CEO Jonas Meyer of Gen2 Energy.

For further inquiries, please contact:

Gen2 Energy
Svein-Erik Figved, Director of Public Affairs, +47 982 21 007

Astrid Mannion-Gibson, Head of Communications,, +47 46632010

Skagerak Energy
Kjetil Dahl, Business developer,, +47 920 60 952

Gen2 Energy AS, Borreveien 205, 3184 Borre, Norway