EnergyWatch

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.

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