Shell Shelves Norway Hydrogen Project Due to Lack of Demand
09.24.2024 By Tank Terminals - NEWS

September 24, 2024 [Reuters]- Shell has scrapped plans for a low-carbon hydrogen plant on Norway’s west coast due to a lack of demand, the energy company said on Monday, days after Equinor cancelled a similar planned project in Norway.

 

Hydrogen derived from natural gas in combination with carbon capture and storage, known as blue hydrogen, has been touted as a stepping stone to decarbonising European industry and meeting climate goals, but it is more costly than traditional methods.

“We haven’t seen the market for blue hydrogen materialise and decided not to progress the project,” said a spokesperson for Shell in Norway.

On Friday, Equinor said it scrapped plans to produce blue hydrogen in Norway and export it to Germany because it was too expensive and there was insufficient demand.

Together with partners Aker Horizons and CapeOmega, Shell had planned to produce about 1,200 metric tons of blue hydrogen a day by 2030 at the Aukra Hydrogen Hub near Shell’s Nyhamna gas processing plant.

The partnership was not renewed when it expired in June this year and Shell does not currently have other active hydrogen projects in Norway, the spokesperson said.

The news was first reported by Norwegian media outlet Energi og Klima.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

BP Partners with Palantir for AI Tech
11.21.2024 - NEWS
November 21, 2024 [Tank Storage]- Palantir Technologies and BP have announced an enterprise agree... Read More
Aramco, Rongsheng Petrochemical Ink Deal to Progress Saudi Refinery Project
11.20.2024 - NEWS
November 20, 2024 [Rigzone]- Saudi Arabian Oil Co. (Aramco) and Rongsheng Petrochemical Co. Ltd. ... Read More
Stolthaven Terminals Expands in Malaysia to Boost Efficiency and Capacity For Customers
11.20.2024 - NEWS
November 20, 2024 [Stolt-Nielsen]- Stolthaven Westport held an event earlier this month to celeb... Read More
Open Season For CHANE’S Rotterdam Ammonia Import Terminal Development
11.20.2024 - NEWS
November 20, 2024 [Storage Terminals Magazine]- Chane has announced the next phase of decision-ma... Read More