Equinor’s ambition is net-zero emissions by 2050
Equinor is committed to being a leader in the energy transition. It is a sound business strategy to ensure long-term competitiveness as society moves towards net zero.
Europe aims to provide sustainable, affordable and secure energy for its citizens and industries. In Equinor, we agree that energy should be safe, competitive and sustainable. We believe our energy sources and solutions will contribute to the carbon-neutral Europe of the future.
Shortcut to this page: www.equinor.com/eu
Renewables and low emissions
Carbon capture and storage
Q&A with Pål Eitrheim, executive vice president of New Energy Solutions at Equinor.
Watch the interview with Pål Eitrheim in the video above, and read the full article below.
(The article in Politico is sponsor-generated content produced in cooperation with Politico Studio.)
“The European Union is making great strides to reduce its emissions. But there are still significant challenges ahead. To succeed, we need every tool that is available to us.”
Al Cook, Executive Vice President in Equinor
We are an international energy company with a Norwegian heritage and 21,000 colleagues in more than 30 countries. We energise the lives of 170 million people every day and are a major and reliable supplier of energy to Europe.
We have announced our ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy, setting a clear strategic direction and demonstrating our continued commitment to long-term value creation supporting the Paris Agreement.
In Equinor, we believe our energy sources and solutions can contribute to a carbon-neutral Europe. Discover our offshore wind, natural gas, hydrogen, and CCS.
Equinor is present in the following European countries. Our office in Brussels represents our company’s interests in the EU.
In Equinor, we believe the transition to a more sustainable energy system must accelerate.
A sustainable development path to a well below the two-degree target does not allow for further delays in policy, industry and consumer actions to reduce emissions. The world’s energy systems must be transformed to drive decarbonisation.
We’re investing in renewable energy, nearly climate-neutral hydrogen, carbon capture and storage, and the lowest production emissions from oil and gas. By 2050, we aim to be a net-zero energy company, removing as much carbon as our products emit.
Equinor produces gas equivalent to the gas consumption of more than 50 million European households.
During energy production, gas emits only half of the CO2 of coal. Carbon capture and storage can reduce emissions still further.
The total length of the network of gas transport pipelines on the NCS is equivalent to the distance from Oslo to Beijing, 11,880 kilometres.
Hydrogen is the key to decarbonising the energy system. It is versatile and can be transported in the existing gas infrastructure. Many people consider it to be the ultimate fuel of the future.
Equinor is involved in numerous ground-breaking hydrogen projects across Europe. We are pursuing the production of hydrogen from decarbonised natural gas (“blue hydrogen”) through methane reforming with subsequent storage of CO2 under the seabed (CCOS, Carbon Capture and Offshore Storage).
Methane reforming is a tried and tested standard process that has been used successfully in industry for many years and using CCS can be considered nearly climate-neutral. With this technology, hydrogen can be reliably produced in large quantities at comparatively low costs by 2030. In this way, customers in the electricity, heating and transport sectors can be given targeted support on their way to reducing emissions. It is the decisive transition step towards a future sustainable global hydrogen economy.
Equinor, Open Grid Europe (OGE) and ThyssenKrupp Steel Europe (tkSE) have been working on a suitable concept for the generation and transport of blue hydrogen to the largest German steelworks in Duisburg since 2019. Blue hydrogen can be produced in large quantities comparatively quickly, which means that the expected hydrogen demand of the industry can be met promptly.
Steinar Eikaas, Head of Low Carbon Solutions in Equinor, talks about the role of blue hydrogen in Germany’s future energy mix. He believes it will be challenging for green hydrogen to kick-start the hydrogen economy alone.