Equinor to work with US Steel to decarbonise steel
A non-exclusive Memorandum of Understanding (MOU) with Equinor US Holdings Inc, an affiliate of Equinor ASA, was signed by United States Steel Corporation. Under the MOU, the companies will study the potential for carbon capture and storage and hydrogen development in the tri-state region of Ohio, Pennsylvania and West Virginia.
The focus of the MOU is to assess the technological and commercial possibilities for hydrogen and CCS. The industry leaders recognize the potential for natural gas coupled with CCS to significantly reduce carbon emissions.
The companies plan to explore and demonstrate the potential opportunities for natural gas when coupled with CCS to achieve decarbonization goals.
The scope of work of the MOU includes assessments of regional hydrogen and CCS potential, appropriate customer and supplier screenings, blue hydrogen advocacy, CCS, and examining renewable energy synergies.
Hydrogen based steel processes and CCS are among the more promising and sustainable technologies currently being developed.
Founded in 1901, United States Steel Corporation is a leading steel producer. The company has an annual raw steelmaking capability of 26.2 million net tons. US Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Slovakia, in European Union.