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Shell and Norsk Hydro team up for green hydrogen

REUTERS

Shell and Norsk Hydro team up for green hydrogen

OSLO, Nov 9 (Reuters) – Royal Dutch Shell (RDSa.L) and Norsk Hydro (NHY.OL) are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday.

The Anglo-Dutch oil giant and the Norwegian aluminium maker’s green hydrogen unit, Hydro Havrand, have signed a memorandum of understanding (MoU) and begun initial work to identify opportunities to produce and supply renewable hydrogen.

Shell and Hydro will initially identify which European locations are best suited to produce renewable hydrogen for the companies’ own consumption as well as for the broader market, and expand into other locations at a later stage.

Reporting by Victoria Klesty; Editing by Terje Solsvik and Steve Orlofsky

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