6th Jul 2022 08:22
(Alliance News) - Shell PLC on Wednesday said it has taken the final investment decision to build Europe's largest renewable hydrogen plant in the Netherlands.
The FTSE 100 oil major said the 200 megawatt electrolyser, called Holland Hydrogen I, will be built on the Tweede Maasvlakte in the port of Rotterdam, producing up to 60,000 kilograms of renewable hydrogen every day.
The "renewable power for the electrolyser will come from the offshore wind farm Hollandse Kust (noord), which is partly owned by Shell," said the firm.
Executive Vice President Anna Mascolo said: "Holland Hydrogen I demonstrates how new energy solutions can work together to meet society's need for cleaner energy. It is also another example of Shell's own efforts and commitment to become a net-zero emissions business by 2050.
"Renewable hydrogen will play a pivotal role in the energy system of the future and this project is an important step in helping hydrogen fulfil that potential."
The plant is expected to become operational in 2025.
Shares were up 1.8% at 2,051.25 pence on Wednesday morning in London.
By Xindi Wei; [email protected]
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