ExxonMobil, SGN, Green Investment Group Sign MoU for Hydrogen Hub in Southampton

ExxonMobil, SGN, Green Investment Group Sign MoU for Hydrogen Hub in Southampton

ExxonMobil affiliate, Esso Petroleum Company, has signed a memorandum of understanding (MoU) with SGN and Macquarie’s Green Investment Group (GIG) to explore the use of hydrogen and carbon capture in the Southampton industrial cluster, according to ExxonMobil.

SGN and GIG conducted an initial feasibility study showing that the annual hydrogen demand from the cluster could rise to 37 TWh by 2050. With the integration of carbon capture technology, this new project would help reduce emissions in the area’s industrial sector and stimulate the local economy through the conversion of the natural gas network.

The feasibility study also estimated that carbon capture facilities could initially capture approximately 2 million tons of CO2 per year.

Joe Blommaert, president of ExxonMobil Low Carbon Solutions said: “Hydrogen has the potential to help provide customers with access to affordable, reliable energy while minimising emissions. We are pleased to be part of this collaboration that includes a technical study to assess the potential for the Fawley facility to play a key role in both hydrogen production and carbon capture and storage solutions. With well-designed policy and regulations, hydrogen can help reduce the emissions of the Southampton industrial area that provides vital products for modern life.”

If technical and business feasibility is confirmed, hydrogen production could commence in 2030.

Yara Mohamed 139 Posts

Yara has a BSC Degree in English and Translation. She recently joined the writing team of Egypt Oil & Gas, bringing along with her an experience of content marketing writing.

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