ExxonMobil, SGN, Green Investment to set up hydrogen hub

ExxonMobil, SGN, Green Investment to set up hydrogen hub

SGN, Macquarie’s Green Investment Group (GIG) and Esso Petroleum Company, (an ExxonMobil affiliate) to explore the use of hydrogen and carbon capture to help reduce emissions in the Southampton industrial cluster. For this the entities have signed a Memorandum of Understanding (MoU). An initial feasibility study by SGN and GIG shows the annual hydrogen demand from the cluster, which is home to ExxonMobil’s Fawley complex, could rise to as much as 37 TWh by 2050, including the heating demand of 800,000 homes across the South of England. The study estimated that carbon capture facilities could initially capture approximately 2 million tonnes of CO2 per year, including from initial hydrogen production of around 4.3 TWh of hydrogen per year. This could also attract significant investment in the community, support existing employment and stimulate the creation of local jobs. If technical and business feasibility is confirmed, and with the right Government support, hydrogen production could commence as early as 2030. Southampton has one of the largest industrial sectors in the UK, and is both a critical element of the country’s energy supply chain and an important gateway for trade in global markets. An increase in the use of hydrogen with carbon capture