UK Oil & Gas (UKOG) has announced that the Company s planned strategic Dorset and Yorkshire Hydrogen Storage projects have received a letter of support ( LOS ) from Summit Energy Evolution Ltd ( SEEL ), a wholly owned subsidiary of major Japanese trading conglomerate Sumitomo.
UK Oil & Gas PLC on Wednesday said it received a letter of support for its planned Dorset and Yorkshire hydrogen storage projects from Summit Energy Evolution Ltd.
The London-based energy exploration.
Low carbon hydrogen could heat up to 20 million homes and businesses across London and the South East of England for decades to come, according to a new industry report. The Bacton Energy Hub, a Carbon Capture and Storage (CCS) hydrogen project, located on the coast of Norfolk, could not only help to secure the UK’s energy supply but also play a major role in significantly reducing greenhouse gas emissions.
Summit E&P Ltd ( SEPL ) has announced significant steps forward in the transition of its shareholder Sumitomo Corporation towards lower carbon energy systems. Upstream oil and gas assets will be divested while a new sister company to SEPL has been established as a 100% subsidiary of Sumitomo Corporation – Summit Energy Evolution Ltd ( SEEL ).