Gazprom Neft enters carbon capture, hydrogen venture
June 3, 2021
PAO Severstal and PJSC Gazprom Neft have agreed to collaborate in the development of technologies involving capture and use of carbon dioxide, and developing materials for transportation and storage of hydrogen.
Offshore staff
ST. Petersburg, Russia – Steel producer PAO Severstal and PJSC Gazprom Neft have agreed to collaborate in the development of technologies involving capture and use of carbon dioxide, and developing materials for transportation and storage of hydrogen.
The two companies may also decide to jointly develop decarbonization projects, which could include altering production processes currently using hydrocarbon fuel to run on methane-hydrogen mixtures instead.
Severstal has a target to reduce its emissions by 3% by 2023 (from 2020 levels). Earlier this year it established a corporate division focused on use of hydrogen and decarbonization opportunities (carbon capture and disposal and CO2 offsetting).
