Equinor
We are an international energy company headquartered in Norway with 22,000 employees in 30 countries, and our purpose is to turn natural resources into energy for people and progress for society. Our portfolio encompasses oil and gas, renewables and low-carbon solutions. We are the largest supplier of energy to Europe, a world-leading offshore operator and an international pioneer in renewables and low-carbon solutions. Today, in an increasingly unpredictable world, our deliveries of oil, gas and wind power provide a vital and stabilising contribution to Europe’s energy security. We aim to be a leading company in the energy transition and become a net-zero energy company by 2050. We are committed to long-term value creation in a low-carbon future, creating value through the opportunities the energy transition brings, breaking new industrial ground by building on 50 years of experience.As the market for hydrogen is maturing, Equinor is taking steps to develop the low carbon hydrogen value chain in North-West Europe based on natural gas produced in Norway. We are participating in several projects globally to show how hydrogen can provide scalable and profitable growth opportunities in the future. All projects are in an early phase, and subject to uncertainty. In Belgium, Equinor, together with Engie, is developing the 1GW H2BE project. Low carbon hydrogen is linked to the availability of CO2 storage capacity. The geology in the North Sea basin is very suitable for CO2 storage, with a huge storage capacity, estimated at 85 Gt.