Shell, Equinor Eye US Hub

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European majors Shell and Equinor are partnering to pursue a “collaborative clean energy hub” concept in the US Northeast with manufacturer US Steel. The hub would focus on carbon capture and hydrogen technology in Ohio, West Virginia and Pennsylvania, the companies said this week. The area is home to the prolific Marcellus Shale gas play, where Equinor operates. Shell, meanwhile, is constructing a petrochemical complex in the US state of Pennsylvania that will use shale gas as feedstock. The nonexclusive cooperation agreement calls on Equinor and Shell to jointly apply for federal funding designated for the creation of regional clean energy hubs. US Steel is evaluating the role it may play, including as a potential funding participant, customer, supplier or partner.

Topics:
Carbon Capture (CCS), Hydrogen, Corporate Strategy , Majors, ESG
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