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QatarEnergy teamed up with Shell for blue & green hydrogen projects in the UK

The companies signed the collaboration agreement on the sidelines of the Global Investment Summit

QatarEnergy teamed up with Shell for blue & green hydrogen projects in the UK

Source: Courtesy of QatarEnergy

London, October 20 - Neftegaz.RU. Shell has signed an agreement to work on blue & green hydrogen in the UK with QatarEnergy.
This is the 1st agreement on hydrogen between QatarEnergy and Shell.
It establishes an important framework for collaboration and joint investment to develop hydrogen solutions in the UK.

Blue hydrogen is derived from natural gas and the resulting carbon is captured and stored.
Green hydrogen is produced using renewable energy, its 2 to 3 times more expensive than blue hydrogen.

Saad Sherida Al-Kaabi, CEO of QatarEnergy, said:
  • This agreement does not only reinforce the long-lasting and strategic partnership between QatarEnergy and Shell but also creates a viable path for innovation and investments in low carbon fuels and technologies across the UK’s energy sector, a key area of investment for QatarEnergy
  • This agreement also builds on QatarEnergy’s commitment to provide reliable access to cleaner energy globally
Shell has been looking to diversify its energy portfolio, which also includes hydrogen.
The Anglo-Dutch supermajor has signed up for several projects to develop large-scale hydrogen production, including its green hydrogen plant in Rotterdam, expected to be completed in 2023.

Ben Van Beurden, CEO of Shell, noted:
  • Hydrogen will play an important role in helping society reach net zero, and momentum is growing
  • QatarEnergy’s expertise, in collaboration with Shell’s, will support the UK’s energy transition and help propel this fast-growing sector
QatarEnergy recently changed its name from Qatar Petroleum, signalling a new strategy focused on energy efficiency and environmentally-friendly technologies.
The company’s CEO said that natural gas would remain part of the energy transition and would be needed for at least a few decades.

Source : Neftegaz.RU


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