Russia’s Novatek and Severstal have signed a Memorandum of Understanding (MoU) to cooperate on hydrogen energy to reduce greenhouse gas emissions.
The MoU is signed to provide for the implementation of a joint pilot project for the production, transportation, storage, and use of “blue” hydrogen.
The companies intend to jointly develop solutions for the manufacturing and supply of hydrogen transport pipelines, hydrogen storage systems, and hydrogen transport tanks, capturing and utilising CO2 as well as using hydrogen in metallurgical production.
They also agreed to cooperate in the development of technological solutions for the use of fuel types based on hydrogen and its carriers, specifically ammonia.
Leonid Mikhelson , Novatek’s chairman of the management board, said: “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. 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.”