Statoil Partners with Vattenfall and Gasunie

Statoil ASA has signed a memorandum of understanding with Swedish power company Vattenfall and Dutch
natural gas infrastructure company Gasunie to evaluate the possibilities of converting Vattenfall’s Magnum gas power plant in The Netherlands into a hydrogen powered plant. The potential CO2 emission reduction is 4 million tons of CO2 per year, the equivalent to emissions from 2 million cars.

The next steps will involve feasibility studies to evaluate the conversion of one of the three Magnum units of Vattenfall Nuon in Eemshaven to run on hydrogen. The units are operated by the company’s Dutch subsidiary. In addition, Gasunie will examine which infrastructure for transport and storage is needed for the project.

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