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NEWS : Equinor Energy And Mitsubishi Heavy Industries Sign MoU For Low Carbon Technology Collaboration

Equinor Energy and Mitsubishi Heavy Industries are pleased to announce the signing of a Memorandum of Understanding (MoU) for a low carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations. In particular, the companies will look at further developing the hydrogen and carbon capture, utilization and storage (CCS/CCUS) value chains.

Makoto Kanda, Senior Vice President of MHI said: “The clear urgency to decarbonize all areas of our economies and the ongoing transformation of the energy sector require not only shorter innovation cycles but also a holistic view of the energy value chain. Closer cooperation between technology providers and energy companies – as reflected in this MoU – will contribute to a better response to the challenges ahead, while ensuring the efficient and reliable production and use of energy.”

Country manager for Equinor Japan, Karsten Stoltenberg said: “As an energy company developing oil, gas and renewable energy, it is important for us to collaborate with companies that have a clear vision for shaping the future of energy. Japan has set ambitious climate change commitments and is the home of large companies driving hydrogen and low carbon technology developments. Signing an MOU with a major technology provider like MHI will enable us to continue working on reducing the CO₂ footprint from our oil and gas operations as well as developing new value chains at even greater speed”

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