ENGIE and Equinor Partnership to Develop Low-carbon Hydrogen Projects
ENGIE and Equinor started a partnership to develop joint low-carbon hydrogen activities. 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 signed a memorandum of understanding to investigate the development low-carbon hydrogen value chains in Belgium, the Netherlands and France. In the coming months, ENGIE and Equinor will start discussions with potential customers to assess the project, as well as with stakeholders and relevant authorities.
ENGIE and Equinor 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.
Edouard Neviaski, CEO of the ENGIE’s Business Unit Global Energy Management says: “We are glad to work on this project with Equinor, a long-standing partner for more than 40 years. ENGIE firmly believes that hydrogen will play a key role in the energy transition. ENGIE produces renewable hydrogen and supports the development of the market for low-carbon hydrogen. Both these technologies will be necessary to accelerate the development of a solid infrastructure and the transition to a carbon neutral economy.”
“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,” Grete Tveit, Equinor’s Senior Vice President for Low Carbon Solutions adds.
Equinor’s hydrogen projects include: H21 North of England; H2morrow steel, Germany; Magnum power plant, the Netherlands; H-vision blue hydrogen project, Rotterdam; Zero Carbon Humber – using hydrogen, carbon capture and negative emissions to reach net zero.
Low-carbon solutions: keeping CO2 out of the atmosphere
Equinor is already one of the world’s most CO2-efficient producers of oil and gas. Their ambition is to maintain this lead. The company believes a low carbon footprint will make them more competitive in the future, as there are attractive business opportunities in the transition to a low carbon economy.
The world needs energy producers that can deliver affordable energy with lower emissions. Leveraging research and development and innovation capabilities will be key to developing new energy solutions at a competitive cost.
