The development of low-carbon hydrogen value chains are being investigated in Belgium, the Netherlands and France as part of a new partnership between Engie and Equinor.
According to an announcement released today (18th Feb), the two companies will focus on the production and market potential for hydrogen from natural gas whereby the carbon dioxide (CO2) will be capture and stored permanently offshore.
In the coming months, Engie and Equinor will start discussions with potential customers to assess the project, as well as with stakeholders and other relevant authorities, something which the companies believe is essential to develop low-carbon and renewable hydrogen projects.
Commenting on the collaboration, 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 added, “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.”