Equinor calls for state support for hydrogen

Norwegian major is pushing ahead with its plans for hydrogen production but acknowledges that government backing is needed at this stage of market development

In the wake of Equinor signing a memorandum of understanding (MoU) with Engie last week, the Norwegian company has underlined the need for greater government funding of both blue and green hydrogen projects. The European firms signed the MoU to investigate the development of blue hydrogen value chains in Belgium, the Netherlands and France. The partners will examine the production and market potential for hydrogen from natural gas, with the CO2 captured and stored permanently offshore. But Grete Tveit, senior vice president for low-carbon solutions at Equinor, says that at this stage any low-carbon hydrogen project of scale will need government funding to get off the ground. While everyone w

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Want to read more?

Please choose from one of the following options:

Already registered?
Click here to log in Subscribe now
to get full access to PE + HE + TE editorial and data Register now
to receive our newsletters and unlock up to three articles per month for free Any questions?
Contact us

Comments

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

Also in this section

Green H₂ can thrive on level playing field—CeraWeek

5 March 2021

Industry leaders are confident that demand in the most advanced countries will boom—so long as governments facilitate fair competition

Black Horse H₂ truck network plan scaled back

4 March 2021

Originally slated to involve the four central European Visegrad Group countries, the project is now focused on the Czech Republic and Slovakia where interest is strongest

Germany breaks ground on world’s largest green H₂ storage facility

4 March 2021

Hydrogenious is building an 1,800t/yr plant to store green hydrogen using liquid oils and is already eyeing exports to Rotterdam

Project Data

Maps

PE Store

Social Links

Social Feeds

Twitter

Tweets by Hydrogen Economist