Shell and Ceres ink green hydrogen partnership - 29 iunie 2022
Shell (NL.SHELL) and Ceres are building this partnership to utilise SOEC technology to deliver high-efficiency, low-cost green hydrogen; now widely viewed as a credible route to decarbonise hard-to-abate parts of the energy system that rely on fossil fuels today. Shell is targeting to become a net zero energy business by 2050, by reducing emissions from its operations and from the fuels and other energy products it sells to its customers. Ceres aims to produce hydrogen at efficiencies around 20% greater than other technologies, in the range of mid-80s to 90% efficiency where it is possible to make use of waste heat in industrial processes to drive high efficiency.
Oil majors from three continents are partnering with the world’s largest factory hub on a massive carbon capture site that would store the heat-trapping gas at sea in China. Exxon Mobil Corp. (US.XON), Shell Plc and Cnooc Ltd. (US.CEO) signed a non-binding agreement with the Guangdong government on a facility that would capture as much as 10 million tons of carbon dioxide a year, the companies said in press releases. It would be one of the largest such projects in the world.