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.
BY MARKETWIRE, TRANSLATED BY DANIEL FRANK CHRISTENSEN
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.
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