Equinor, Engie in Partnership to Develop Low-Carbon Hydrogen
By Dominic Chopping
Norwegian oil and gas major Equinor ASA and French utility Engie
S.A. on Thursday said they have formed a partnership to develop
The companies will investigate the production and market
potential for hydrogen from natural gas.
The partners have signed a memorandum of understanding to
investigate the development of low-carbon hydrogen in Belgium, the
Netherlands and France. In the coming months they will start talks
with potential customers to assess the project, as well as with
stakeholders and 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," they said in a statement.
"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."
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
February 18, 2021 03:22 ET (08:22 GMT)
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