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Released May 02, 2022 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Shell Plc (NYSE:SHEL) has outlined the latest progress towards cleaning up its energy mix, including a planned tenfold increase in investment for hydrogen projects this year.
The company's latest energy transition progress report highlights plans to make final investment decisions on 300 megawatts (MW) of hydrogen electrolyser capacity in 2022. Today, the company has 30 MW of electrolysers in operation that can produce around 4,300 tonnes a year of decarbonised hydrogen. It stated that the company owns and operates 10% of global electrolyser capacity today. Industrial Info is tracking nine European hydrogen projects involving Shell, and subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports.
Last summer the company commissioned a 10-MW hydrogen electrolyser at its Energy and Chemicals Park Rheinland, near Cologne in Germany, and in January this year a larger 2-MW facility at Zhangjiakou in China's Hebei province, a joint venture with Zhangjiakou City Transport Construction Investment Holding Group. The goal will be to scale it to 60 MW in the coming years. The Refhyne project at the Rheinland Wesserling refinery is Europe's first fully operational plant to use polymer electrolyte membrane (PEM) technology at a commercial scale in a refinery. Industrial Info is also tracking plans to expand the capacity of the electrolyser to 100 MW. For additional information, see July 13, 2021, article--Shell Starts Europe's Largest Green Hydrogen Plant.
"We are investing in low- and zero-carbon products such as renewable electricity, hydrogen, biofuels and chemicals," said chief executive officer, Ben van Beurden. "We are building a leading hydrogen business, and now operate 10% of total electrolyser capacity in the world. We are already one of the world's largest producers of biofuels through our joint venture in Brazil. And last year we started building one of Europe's biggest biofuels facilities."
He added: "Crucially, we are working sector by sector to identify the low- and zero-carbon products and services that our customers need. At the beginning of 2022, for example, with our joint-venture partners, we won bids to develop 5 gigawatts (GW) of floating wind power in the U.K., enough to power 6 million homes. That is more than double the number of homes in Scotland."
On the green investment front, Shell said that this year it expects that around one-third of its total expenditure will be on low- and zero-carbon products and services, including biofuels, hydrogen, power, charging for electric vehicles, carbon capture and storage (CCS), nature-based solutions, chemicals and lubricants. By 2025, that will rise to half of its total spend.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
The company's latest energy transition progress report highlights plans to make final investment decisions on 300 megawatts (MW) of hydrogen electrolyser capacity in 2022. Today, the company has 30 MW of electrolysers in operation that can produce around 4,300 tonnes a year of decarbonised hydrogen. It stated that the company owns and operates 10% of global electrolyser capacity today. Industrial Info is tracking nine European hydrogen projects involving Shell, and subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports.
Last summer the company commissioned a 10-MW hydrogen electrolyser at its Energy and Chemicals Park Rheinland, near Cologne in Germany, and in January this year a larger 2-MW facility at Zhangjiakou in China's Hebei province, a joint venture with Zhangjiakou City Transport Construction Investment Holding Group. The goal will be to scale it to 60 MW in the coming years. The Refhyne project at the Rheinland Wesserling refinery is Europe's first fully operational plant to use polymer electrolyte membrane (PEM) technology at a commercial scale in a refinery. Industrial Info is also tracking plans to expand the capacity of the electrolyser to 100 MW. For additional information, see July 13, 2021, article--Shell Starts Europe's Largest Green Hydrogen Plant.
"We are investing in low- and zero-carbon products such as renewable electricity, hydrogen, biofuels and chemicals," said chief executive officer, Ben van Beurden. "We are building a leading hydrogen business, and now operate 10% of total electrolyser capacity in the world. We are already one of the world's largest producers of biofuels through our joint venture in Brazil. And last year we started building one of Europe's biggest biofuels facilities."
He added: "Crucially, we are working sector by sector to identify the low- and zero-carbon products and services that our customers need. At the beginning of 2022, for example, with our joint-venture partners, we won bids to develop 5 gigawatts (GW) of floating wind power in the U.K., enough to power 6 million homes. That is more than double the number of homes in Scotland."
On the green investment front, Shell said that this year it expects that around one-third of its total expenditure will be on low- and zero-carbon products and services, including biofuels, hydrogen, power, charging for electric vehicles, carbon capture and storage (CCS), nature-based solutions, chemicals and lubricants. By 2025, that will rise to half of its total spend.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
