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Norway’s Top Oil Producer Has Multibillion-Dollar Hydrogen Plan

  • Equinor believes it can make the fuel more cleanly than peers
  • Company touts high carbon capture rate, low methane emissions
Government Announces National Hydrogen Strategy

Photographer: Sean Gallup/Getty Images

Equinor ASA, the flagship producer of oil and gas giant Norway, is investing billions of dollars in blue hydrogen on a bet that it can make the fuel more cleanly than anyone else.

The state-controlled oil firm is among energy companies across Europe stepping up plans for hydrogen as mounting pressure to fight climate change spurs massive shifts in investment. Equinor believes it has the edge in the race to commercialize the industry because it leaks less methane than its rivals.