NOVATEK & Severstal Sign MOU on Hydrogen and GHG Emission Reduction

Source: www.gulfoilandgas.com 6/4/2021, Location: Asia

PAO NOVATEK (“NOVATEK”) and PAO Severstal signed a Memorandum of Understanding (“MOU”) on cooperation in the field of alternative and hydrogen energy to reduce greenhouse gas emissions.

The MOU provides for the implementation of a joint pilot project to produce “blue” hydrogen from natural gas and by using technologies for carbon capture and storage.

The Parties intend to jointly develop technical requirements, standards and engineering solutions for the manufacturing and supply of hydrogen transport pipelines, turbines, hydrogen storage systems and hydrogen transport tanks.

Furthermore, the Parties also agreed to cooperate in the production and supply of hydrogen, development of technological solutions for the use of fuel types based on hydrogen and its carriers, specifically ammonia.

“Steel producers are one of the largest industrial consumers of natural gas, and reducing greenhouse gas emissions is a new prospective area for our mutually beneficial cooperation,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “The use of carbon capture and storage technologies, as well as a hydrogen fuel blend will reduce our joint carbon footprint and increase the competitiveness of products manufactured by the Russian steel industry.”


United Kingdom >>  8/9/2022 - ScottishPower, with Hutchison Ports, is exploring the opportunity to develop, build and operate a multi-hundred MW green hydrogen production facility ...
Germany >>  8/4/2022 - Wintershall Dea and Nord-West Oelleitung (NWO) will collaborate on Wintershall Dea's BlueHyNow project. A plant for the production of large volumes of...

Saudi Arabia >>  8/4/2022 - The Saudi Arabian Oil Company (“Aramco”) and the SABIC Agri-Nutrients Company (“SABIC AN”), have obtained the world’s first independent certifications...
United Kingdom >>  8/4/2022 - Global investment firm Carlyle (NASDAQ: CG) and GIC (“GIC”), and the green ammonia project development company Eneus Energy Limited (“Eneus”), announc...

United States >>  8/4/2022 - New Fortress Energy Inc. (NFE) announced that it has entered an agreement with Plug Power Inc. (Plug), a leading provider of turnkey hydrogen solution...
United States >>  8/4/2022 - Northwest Natural Holding Company, (NWN) (NW Natural Holdings), reported financial results and highlights including:
- Reported net income of $...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.