Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

North America’s US Steel (USS) and Equinor Holdings have signed a memorandum of understanding (MoU) to assess hydrogen development, carbon capture, and storage (CCS) technology for sustainable steel production in the US.


Both companies will assess the technology’s potential investment, and its use in Ohio, Pennsylvania, and West Virginia. 


Richard Fruehauf, senior vice president and chief strategy and sustainability officer at USS noted on Friday that this agreement falls in line with the company’s net-zero carbon goals for 2050. The MoU will also help USS explore the possibility of setting up a hydrogen hub at Mon Valley.


Hydrogen development and CCS will also help the US attain its carbon-neutrality goals for the coming decade, noted Chris Golden, country manager, Equinor Holdings on Jul 2.


The country’s Biden administration is seeking to reduce carbon emissions by 80pc, according to media reports, from early June this year.

USS and Equinor have yet to disclose more information about their future projects. Equinor Holdings is a subsidiary of Norwegian clean energy specialist Equinor. It has plans to set up a hydrogen-producing unit in the United Kingdom and an offshore carbon dioxide storage facility in Norway.

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