Engie and Equinor signed a memorandum of understanding to investigate the development of joint low-carbon hydrogen activities in Belgium, the Netherlands, and France. The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore.
In the coming months, the companies will begin discussions with potential customers to assess the project, as well as with stakeholders and relevant authorities.
Development of low-carbon and renewable hydrogen projects at scale is needed to make it possible for industrial customers to significantly reduce CO2 emissions before 2030, the companies said in a joint statement. “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 said.
