Equinor to build hydrogen plant with carbon capture in Britain

01/07/2020 09:36 Renewable


Equinor plans to build in Britain a plant to produce hydrogen from natural gas in combination with carbon capture and storage, the Norwegian oil firm said on Wednesday.

The plant, which Equinor said was the largest of such kind in the world, aims to reduce CO2 emissions by nearly 900,000 tonnes per year by replacing gas with hydrogen at the Saltend Chemicals Park near the city of Hull in north-east England.


“With our partners, we plan to transform the UK’s largest industrial cluster into its greenest cluster,” the company said in a statement.


Equinor and partners expect to make the final investment decision on the project, called H2H Saltend, during 2023 with production starting by 2026.


Equinor did not say how much the project could cost.

Source: reuters.com


Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production

16/09/2020 10:57:00

Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.


Investors call on EU to boost carbon-emission reduction goals

16/09/2020 09:04:00

An investor group with a combined €33 trillion ($39.1 trillion) in assets has called on the European Union to set 2030 carbon-emission reduction goals at 55%, in an effort to support low-carbon economy investments.


EU Green Recovery plan could support 2.3 GW of Spanish solar project capacity

16/09/2020 08:52:00

Three big projects are candidates for support from the Covid recovery plan laid out by the bloc.