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October 20, 2021

QatarEnergy and Shell to jointly pursue investments in UK hydrogen projects

The deal is expected to help reduce the country’s CO2 emissions in industrial clusters and transport sector.

By Archana Rani

QatarEnergy, formerly Qatar Petroleum, and Dutch oil firm Shell have agreed to jointly invest in blue and green hydrogen projects in the UK.

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This is the first hydrogen agreement signed between the two companies.

QatarEnergy said that the deal establishes a framework for collaboration between the firms and to invest in the development of hydrogen solutions.

Under the agreement, the partners will pursue integrated and scalable opportunities in sectors that are considered vital.

The firms expect the deal to help reduce carbon emissions in industrial clusters and transport sectors, with a primary focus on the London metropolitan area.

Qatar Minister of State for Energy Affairs and QatarEnergy president and CEO Saad Sherida Al-Kaabi said: “This agreement does not only reinforce the long-lasting and strategic partnership between QatarEnergy and Shell, but also creates a viable path for innovation and investments in low carbon fuels and technologies across the UK’s energy sector, a key area of investment for QatarEnergy.

“This agreement also builds on QatarEnergy’s commitment to provide reliable access to cleaner energy globally.”

Royal Dutch Shell CEO Ben Van Beurden said hydrogen will play an important role in helping the country reach its net-zero emissions target.

Beurden added: “QatarEnergy’s expertise, in collaboration with Shell’s, will support the UK’s energy transition and help propel this fast-growing sector.”

In August 2021, UK unveiled its Hydrogen Strategy, which aims to achieve 5GW production by 2030.

Last month, Shell Canada partnered with Japan’s Mitsubishi to produce low-carbon hydrogen in Canada.

The deal will see Mitsubishi construct a low-carbon hydrogen facility near the Shell Energy and Chemicals Park Scotford in Scotford, Alberta, Canada.

Shell will provide CO₂ storage through the proposed Polaris carbon capture and storage project (CCS) project near Edmonton, Canada.

Related Companies

Free Report
img

Carbon Capture, Utilization, and Storage set to play key role in reducing global emissions

Carbon Capture, Utilization, and Storage (CCUS) has emerged as one of the key technologies set to reduce carbon emissions, proving especially useful in projects where eliminating all process emissions is not possible  As a result, Oil & Gas companies are investing in CCUS projects as part of ongoing strategies to reduce their emission footprint and boost sustainability efforts.   Our recent report, CCUS Strategies in Oil and Gas, reveals that the energy sector accounts for approximately three-quarters of total greenhouse gas emissions and has a key role to play in reducing global warming over the coming decades.   Our report will help you:  
  • Understand CCUS and its importance in reducing global emissions 
  • Analyze CCUS plant trends 
  • Gain insight from leaders in the Oil & Gas industry on implementation of CCUS projects 
Download the report now to get ahead of this trend and make strategic investments.  
by GlobalData
Enter your details here to receive your free Report.

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