Shell Deutschland GmbH has made a last funding resolution (FID) to progress REFHYNE II, a 100-megawatt (MW) renewable proton-exchange membrane (PEM) hydrogen electrolyzer on the Shell Vitality and Chemical substances Park Rheinland in Germany.
Utilizing renewable electrical energy, REFHYNE II is anticipated to supply as much as 44,000 kilograms per day of renewable hydrogen to partially decarbonize web site operations, Shell stated in a press release. The electrolyzer is scheduled to start working in 2027.
Renewable hydrogen from REFHYNE II might be used on the Shell Vitality and Chemical substances Park to supply vitality merchandise comparable to transport fuels with a decrease carbon depth. Shell said that utilizing renewable hydrogen at its Rheinland facility will assist to additional scale back its Scope 1 and a couple of emissions.
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In the long run, renewable hydrogen from REFHYNE II may very well be instantly equipped to assist decrease industrial emissions within the area as buyer demand evolves, Shell famous.
Shell stated that the venture will profit from the expertise that the corporate and its venture companions, ITM and Linde, have in creating, setting up and working different renewable hydrogen initiatives in Europe.
REFHYNE II follows the success of the 10-MW PEM electrolyzer REFHYNE I, which started working in 2021 and makes use of the identical expertise. Since 2021, preparations have been beneath method to ship the detailed engineering plans for REFHYNE II, full on-site groundworks, and hook up with current infrastructure, in line with the assertion.
“At the moment’s announcement marks an vital milestone in delivering our technique of extra worth with much less emissions. Investing in REFHYNE II is a visual demonstration of our dedication to the hydrogen economic system, which is able to play an vital position in serving to to decarbonize Shell’s operations and buyer merchandise,” Shell Downstream, Renewables and Vitality Options Director Huibert Vigeveno stated. “Our resolution to speculate illustrates what could be achieved with the proper enabling situations to ship aggressive initiatives”.
Shell remarked that the REFHYNE II venture has been enabled by supportive insurance policies, together with the European Union’s (EU) binding targets for using renewable hydrogen, and the German Federal Authorities’s regulatory framework. The venture has additionally obtained funding from the EU’s Horizon 2020 analysis and innovation program. The corporate expects the hydrogen produced from REFHYNE II will meet the necessities for renewable fuels of non-biological origin (RFNBO) in accordance with present EU laws.
The capital funding for REFHYNE II might be absorbed inside Shell’s money capital expenditure steerage, and this venture exceeds the inner price of return (IRR) hurdle price for its Renewables and Vitality Options enterprise, the corporate stated.
Shell didn’t give the precise monetary particulars however stated it plans to speculate $10 billion to $15 billion within the interval of 2023-2025 to help the event of low-carbon vitality options together with e-mobility, low-carbon fuels, renewable energy era, hydrogen, and carbon seize and storage. Final yr, Shell invested $5.6 billion in low-carbon options, which was 23 p.c of its capital spending.
In the meantime, within the Netherlands, Shell is at the moment setting up Holland Hydrogen I with a capability of 200 MW, one among Europe’s largest renewable hydrogen vegetation beneath building.
To contact the creator, electronic mail rocky.teodoro@rigzone.com
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