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Author Topic: Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility  (Read 862 times)

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Offline rangerrebew

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Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
« on: September 27, 2024, 05:54:05 am »
 
Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
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Norwegian unit of the British energy giant, Shell plc SHEL has decided to cancel its blue hydrogen project, the Aukra Hydrogen Hub, due to a lack of demand. The company announced its decision days after Equinor ASA EQNR, a Norway-based state-owned energy company, cancelled a similar project.
 
Shell Cites Lack of Demand for Cancellation
Under the project, Shell along with its partners, Aker Horizons and CapeOmega, would have used natural gas from the company’s Nyhamna processing facility to produce about 1,200 tons of blue hydrogen per day by 2030. However, the decision to scrap the low-carbon hydrogen project was taken after analyzing the feasibility of the project.

Blue hydrogen, which can be produced from natural gas using carbon capture and storage technology, would prove to be a milestone in decarbonizing European industry. However, the high costs and low demand, when compared to the traditional methods of producing grey hydrogen, make it impractical.

https://www.msn.com/en-us/money/markets/shell-halts-blue-hydrogen-project-in-norway-due-to-non-feasibility/ar-AA1rfzNZ?ocid=msedgdhp&pc=HCTS&cvid=7e5406e2e80644ccafdc3fa19b233c6f&ei=166
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Online Fishrrman

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Re: Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
« Reply #1 on: September 27, 2024, 06:29:51 pm »
Unless and until someone develops a process for producing hydrogen that uses significantly LESS energy than is contained by the [newly-created] hydrogen output, "hydrogen power" has no useful future...
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Offline DefiantMassRINO

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Re: Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
« Reply #2 on: September 27, 2024, 07:43:58 pm »
Meanwhile, Mother Nature keeps making methane and capturing carbon ... for free.

Light a fart and plant a tree.
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Online Hoodat

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Re: Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
« Reply #3 on: September 27, 2024, 08:24:58 pm »
In other words, whatever government subsidy they were receiving for doing this just ran out.
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Online Smokin Joe

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Re: Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
« Reply #4 on: September 28, 2024, 11:27:27 am »
Quote from: Hoodat on September 27, 2024, 08:24:58 pm
In other words, whatever government subsidy they were receiving for doing this just ran out.
Yup. Once the ROI goes negative, it's over.
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Online IsailedawayfromFR

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Re: Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
« Reply #5 on: September 28, 2024, 12:17:02 pm »
Quote from: Hoodat on September 27, 2024, 08:24:58 pm
In other words, whatever government subsidy they were receiving for doing this just ran out.
Actually, I believe it is more due to the extremely poor financial results Shell has had for the past few years since they took the sidetrack and decided to embrace the move away from hydrocarbons.

Shell will die naturally unless they go back to prioritizing naturally-produced hydrocarbons, the bread and butter of the energy industry that made them successful to begin with.
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