US Steel, Equinor & Shell to Explore Clean Energy Opportunities
Strategic Research Institute
Published on :
25 Aug, 2022, 5:30 am
United States Steel, Equinor US and Shell US have entered into a non-exclusive Cooperation Agreement to advance a collaborative clean energy hub in the Ohio County in West Virginia in Pennsylvania region. The hub would focus on decarbonization opportunities that feature carbon capture utilization and storage, as well as hydrogen production and utilization. The development of this hub, and its associated infrastructure, would generate new, sustainable jobs, stimulate economic growth, and help achieve significant reductions in carbon emissions.
The regional CCUS and hydrogen hub aligns with both the United States’ and project partners’ ambitions to realize net-zero carbon emissions by 2050. To support its development, Equinor and Shell will jointly apply for US Department of Energy funding designated for the creation of regional clean energy hubs. US Steel is evaluating the role it may play in the hub, including as a potential funding participant, customer, supplier, or partner.
With an abundance of low carbon gas, a robust industrial sector, and a skilled workforce, the tri-state region boasts the optimal location for a potential hub. Equinor and Shell are uniquely positioned to help develop a clean energy hub in the region with each having several operational projects around the world. US Steel is a historic innovator and leader in the energy efficient production of steel. And, it has a strategy focused on creating a more sustainable future for all its stakeholders.