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Engie and Equinor join forces to develop low carbon hydrogen
Engie and Equinor have unveiled a partnership to jointly investigate the production and market potential for hydrogen from natural gas where the CO2 will be captured and stored permanently offshore.
Stating 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,’ the companies have signed a memorandum of understanding to investigate the development of low carbon hydrogen value chains in Belgium, the Netherlands and France. ‘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,’ they add.