Leading Companies Launch Initiative to Support Low-Carbon and Hydrogen Industrial Hub in Ohio, Pennsylvania and West Virginia

EQT Corporation, Equinor, GE Gas Power, Marathon Petroleum (including its affiliate MPLX), Mitsubishi Power, Shell Polymers and U. S. Steel have formed a new alliance that will play an important leadership role in decarbonizing the industrial base in the Northern Appalachian Region of the United States.

The alliance will work with stakeholders on a shared vision for a low-carbon and hydrogen industrial hub in Ohio, Pennsylvania and West Virginia that can be a national model for sustainable energy and production systems. Effective implementation of this industrial hub and its associated infrastructure development could generate thousands of new jobs, protect current jobs, and help achieve significant reductions in carbon dioxide emissions.

The hub concept will include a focus on carbon capture, utilization & storage (CCUS), as well as hydrogen production and utilization. This large-scale, regional approach will require new levels of public-private partnerships across borders and sectors. The alliance is working to establish a collaborative network to directly engage industry, labor, universities, communities, government, research institutions, non-profit organizations and other groups in these efforts.

The Northern Appalachian Region brings tremendous assets, from world-class universities and national laboratories to deep-rooted industrial capabilities, with key strengths in manufacturing, materials, and energy. All of this is supported by the region’s highly skilled and experienced work force, as well as a strong and growing startup ecosystem. This industry-led alliance and network brings the knowledge, scale and relationships to make this transformative opportunity a reality.

As this alliance engages key stakeholders in the coming weeks, participants will work on defining the vision and plans for a regional CCUS/hydrogen hub that can drive economic resurgence and technical innovation, secure industrial jobs, and attract new companies and investments to the region. The alliance is being facilitated by IN-2-Market, a regional non-profit organization that will coordinate alliance activities and engagement with regional stakeholders.

COMPANY INFORMATION AND REMARKS:

EQT Corporation: EQT Corporation (NYSE: EQT) is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a long-standing commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.