Norway’s Equinor sees the development of blue hydrogen – fuel produced from natural gas in combination with carbon capture and storage – as currently more worthy of pursuing than green hydrogen, CFO Lars Christian Bacher said July 24.

Earlier this month, Equinor said it was leading a project in the UK to develop one of the world’s first “at-scale” facilities to produce blue hydrogen at Saltend Chemicals Park near the city of Hull in northeast England. Equinor – one of the biggest suppliers of gas to the UK – said that subject to supportive government policy, it would mature the project toward a final investment decision during 2023 with potential first production by 2026…