ENGIE and Equinor join forces in the development of low-carbon hydrogen

Feb 18 2021


The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore.

ENGIE and Equinor have signed a memorandum of understanding to investigate the development low-carbon hydrogen value chains in Belgium, the Netherlands and France. In the coming months, the companies will start discussions with potential customers to assess the project, as well as with stakeholders and relevant authorities.

They believe that it is essential to develop low-carbon and renewable hydrogen projects at scale in order to make it possible for industrial customers to significantly reduce CO2 emissions before 2030. This development of low carbon and renewable hydrogen will accelerate the construction of new hydrogen infrastructure and the repurposing of current natural gas infrastructure, thus paving the way for net zero in 2050.

Grete Tveit, Equinor’s senior vice president for Low Carbon Solutions says: “Equinor aims to be a leading company in the energy transition. We believe that hydrogen and CCS will be vital if we are going to succeed with the transition. Collaboration and partnerships will be absolutely necessary to find the best solutions. Our two companies have complementary areas of expertise that we can utilize to develop low carbon hydrogen initiatives together.”

 

Equinor
ENGIE


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Issue 79 - Jan - Feb 2021

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