Gazprom Neft, a Russian oil company, has signed agreements with Severstal, a Russian steelmaker, to develop hydrogen energy to reduce emissions.
To reduce CO2 emissions from metallurgy, the two have signed a memorandum of understanding and a cooperation agreement on producing, transporting, and storing hydrogen. They’ll also look at CO2 capture and utilization opportunities and technologies, as well as the possibility of switching hydrogen-fueled processes to a methane-hydrogen mixture.
Steelmaking is one of the most difficult industries to decarbonize, despite the fact that hydrogen has been proposed as a way to reduce its emissions. Hydrocarbons are the most cost-effective way to produce clean hydrogen while capturing and storing CO2 emissions.