ENGIE and Equinor have announced their partnership to develop low-carbon hydrogen. The partners will investigate the production and market potential for hydrogen from natural gas whereby the carbon di-oxide will be captured and stored permanently offshore.
The companies signed a MoU to investigate the development of 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.
Edouard Neviaski, CEO of the ENGIE’s Business Unit Global Energy Management said, “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.”
Grete Tveit, Equinor’s senior vice president for Low Carbon Solutions said, “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.”