Engie & Equinor partner to develop low-carbon hydrogen

Two major European energy companies are to join forces in examining the production and market potential for low-carbon hydrogen from natural gas, where CO2 is captured and stored offshore.

France's Engie and Norway's Equinor signed a memorandum of understanding to look at hydrogen value chains in: France, Belgium, and the Netherlands; with the intent of beginning 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.

It is hoped that the development will ultimately pave the way for the construction of a whole new hydrogen infrastructure, overhauling the current natural gas infrastructure and pushing forward to the EU's goal of net-zero by 2050.

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 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 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."

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