Shell buys joint venture stake in Chinese hydrogen market

The British-Dutch oil company joins forces with China's Shanghai Energy Innovation and Development Co. to set up 10 new hydrogen filling stations in the People's Republic, where hydrogen can end up comprising 5% of the nation's energy system, according to Shell.

Photo: Bret Hartman/AP/Ritzau Scanpix/AP

For several years now, Royal Dutch Shell has been dabbling in the hydrogen business, having built several larger projects, for instance, in Germany, where the supermajor plans to set up the first major hydrogen plant in Europe. Now the group is moving into the Chinese H2 market.

Shell's entry here is taking place via a joint venture alongside Shanghai Energy Innovation and Development Co., with the partners initially planning to install 10 new hydrogen filling stations worth an undisclosed sum in China within the coming five years. The joint venture then aims to add another 30 stations in the subsequent eight years, Shell informs in a press statement.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs