Rosneft, ExxonMobil to explore low carbon technologies such as hydrogen

Russian oil company Rosneft has teamed up with ExxonMobil to explore low-carbon technologies such as hydrogen as a means to reduce its greenhouse gas emissions.

This has been made official through the signing of a memorandum of understanding (MoU).

Through this agreement, the two companies will consider the prospect of new projects focused on carbon capture, utilisation and storage as well as the development of fuels such as hydrogen and ammonia.

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