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 solutions will contribute to the carbon-neutral Europe of the future.
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Renewables and low emissions
Carbon capture and storage
Discover how Equinor is playing a leading role in the energy transition in Europe, with offshore wind, hydrogen, carbon capture and the world’s first zero carbon cluster.
“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
In Equinor, we believe we have an important role to play in the profound transformation that the world is now undergoing: the energy transition.
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 continuing to cut greenhouse gas emissions from our own production of oil and gas, developing and woring towards even faster growth in renewable energy, and developing solutions to remove CO2 from the atmosphere and industrial processes.
Equinor is cutting greenhouse gas emissions from oil and gas production
Equinor is increasing its renewables focus
Equinor is developing new technology that accelerates global decarbonisation
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“In Equinor, we welcome the use of industrial data and AI, but to unlock the full potential of digital technologies, it is crucial to understand the challenges and to build trust in AI and digitalisation.“
Torbjørn F. Folgerø, SVP & Chief Digital Officer at Equinor
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 (CCS, Carbon Capture and Storage) and are part of Europe’s biggest project producing hydrogen from renewables (“green hydrogen”).
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.
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 gas transport pipelines on the NCS is equivalent to the distance from Oslo to Beijing, 11,880 kilometres.