Equinor Invites Buyers for Low-Carbon Hydrogen Project in the Netherlands
Key Ideas
- Equinor is inviting potential buyers to register their interest in procuring low-carbon hydrogen from its H2M Eemshaven production project in the Netherlands.
- Parties interested in a long-term supply and offtake agreement can register on Equinor's website until January 31, 2025, with a focus on connectivity to the hydrogen grid and financial viability.
- The project, in collaboration with Linde, aims to start hydrogen production in late 2028 by reforming natural gas from the Norwegian continental shelf combined with carbon capture and storage.
- Despite challenges faced by other projects due to high prices and lack of offtake, Equinor's initiative shows a positive direction in the decarbonization efforts through hydrogen production.
Equinor has announced the opportunity for potential buyers to express interest in securing low-carbon hydrogen from its H2M Eemshaven production project based in the Netherlands. The company is seeking parties for long-term supply agreements, with a registration deadline set for January 31, 2025. Equinor plans to assess interested parties based on their connection to the hydrogen grid and financial capabilities, giving preference to buyers with a minimum annual offtake of 50MW.
The collaboration between Equinor and Linde on the H2M Eemshaven project involves the production of hydrogen starting by the end of 2028. This production will be achieved by converting natural gas from the Norwegian continental shelf using carbon capture and storage technology. The project aims to capture over 95% of the carbon dioxide produced and store it beneath Norway's seabed. Equinor also intends to connect the plant to hydrogen pipelines in the Netherlands and Germany.
Although Equinor had to abandon plans to export blue hydrogen from Norway to Germany due to insufficient demand, the company's focus on the Eemshaven project demonstrates a commitment to advancing decarbonization efforts through hydrogen production. Despite challenges faced by other projects like Ørsted's termination of a hydrogen-based e-fuels project in Sweden, Equinor's collaboration with Linde shows a positive step towards sustainable energy production and reducing carbon emissions.