EQUINOR AND ENGIE ANNOUNCE PARTNERSHIP.
Low-carbon hydrogen development gains momentum as Equinor and Engie announce partnership
Norway’s Equinor and France’s Engie have joined together in the development of low-carbon hydrogen technologies. The signed memorandum of understanding will look at hydrogen value chains in France, Belgium, and the Netherlands including discussions with potential customers to assess the project's economic viability.
Both energy companies have said they believe that, if heavy industry is to achieve a significant reduction in its CO2 emissions before 2030, it is essential to develop renewable and Low Carbon hydrogen projects on a large scale. This will revolutionise the current gas infrastructure and drive the EU to achieve their goal of net-zero by 2050. The use of Carbon Capture and Storage (CCS) technology will play an important role in the reduction of carbon emissions on an industrial scale.
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 carbon capture and storage 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 utilise to develop Low Carbon hydrogen initiatives together."
Edouard Neviaski, CEO of Engie's Global Energy Management unit, 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 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."
This partnership hopes to be a positive, driving force behind the development of low-carbon hydrogen and cleaner energy for everyone. To read the full announcement you can click the link:
https://www.equinor.com/en/news/20210218-join-forces-engie-hydrogen.html