It establishes an important framework for collaboration and joint investment to develop hydrogen solutions in the UK.
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
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