By Maitane Sardon

Novatek said Tuesday that it has signed a memorandum on cooperation with steel company Novolipetsk Steel to work on reducing the amount of greenhouse gases both companies release into the atmosphere.

The Russian independent natural-gas company said the companies will work together to deploy carbon capture, utilization and storage technologies that remove emissions from fossil fuels.

The company added that they will work to develop hydrogen production technologies and adopt hydrogen as a clean burning fuel.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

01-12-21 0804ET