Equinor to collaborate with U. S. Steel on hydrogen and carbon capture and storage development
Equinor has signed a memorandum of understanding (MOU) with U. S. Steel to examine the potential for hydrogen and carbon capture and storage (CCS) development in the tri-state region of Ohio, Pennsylvania and West Virginia.
The MOU establishes a common objective of assessing the technological and commercial possibilities of hydrogen and CCS, in order to demonstrate the role gas can play in a future energy system that achieves climate targets.
A hydrogen and CO2 hub in the Appalachian Basin, utilizing the region’s natural gas resources while capturing and safely storing the emissions, would be an important tool to meet the future energy demands of domestic industry within the US ambition to achieve net-zero by 2050.
"The US faces a challenge to ensure that energy-intensive industries remain competitive within a net-zero scenario. This requires bold action and a collaborative approach, especially in terms of setting the appropriate policy and regulatory framework that will allow us to realize our long-term vision. We are pleased to be taking the first steps with U. S. Steel to explore this potential opportunity," says Golden.
The initial scope of work includes feasibility studies to assess regional hydrogen and CCS potential, appropriate screening of third-party customers and suppliers, and policy advocacy to support blue hydrogen, CCS and potential synergies with renewable energy.
Equinor is also actively engaging the Department of Energy and government stakeholders to identify opportunities for increased research into hydrogen utilization technologies and investment in developing low-carbon infrastructure.
Media contact:
Ola Morten Aanestad
Media Relations
+47 480 80 212 (mobile)