HyNet risks stall on wait for hydrogen business model
The project could face a two and a half year pause, “if we don’t get the business models right”, Manson-Whitton said.
The project could face a two and a half year pause, “if we don’t get the business models right”, Manson-Whitton said.
Shell (LON: SHEL) will increase its dividend per share by 15% in the second quarter of the year and reduce spending elsewhere as part of CEO Wael Sawan’s Capital Markets Day pitch in New York.
For Hyphen, the opportunity is in Europe and Asia, specifically Japan and South Korea. These markets have set targets to shift to hydrogen, but have limited domestic capacity to produce their own supplies.
North and north-east Scotland aim to be at the centre of the emerging hydrogen economy – but where will all those low-carbon energy supplies come from?
Following the sale of the bulk of its North Sea assets to Ithaca Energy, Summit has embarked on a new hydrogen-focused joint venture with Progressive Energy.
As it stands, the site would be the UK’s largest green hydrogen production facility - with an initial capacity of 100 megawatts - and would create around 1,380 jobs.
Subsea 7 (OSLO: SUBC) has been awarded work to study whether hydrogen can be stored underwater at the Port of Aberdeen.
Hyphen CEO Raffinetti said the company aimed to provide a “first supply of ammonia from our project into Europe by early 2028”. It aims to reach 2mn tpy of ammonia by 2029.
Air Products is also working on receiving facilities in Europe. In November 2022 it set out plans, with Mabanaft, to build a green ammonia import facility in Hamburg. This project should start up in 2026.
Baker Hughes will buy a minority holding in hydrogen and ammonia developer ATOME, and will become a partner in its flagship project in Paraguay.
Wood (LON: WG) is working with gas distribution company SGN to accelerate the rollout of hydrogen transmission infrastructure in the UK.
The operator of the Sullom Voe Terminal, EnQuest (LON: ENQ), is planning to rework its processing facilities to make the site smaller and reflect “substantially” reduced production rates.
“Last year, developing economies received only 20% of clean tech investments. These economies represent 70% of the world's population – that's over 5 billion people,” Sultan Al Jaber said.
Energy developer Nova Innovation is leading a consortium to look at the potential of producing green hydrogen and oxygen from its tidal projects in Shetland.
“We also expect production of hydrogen in the USA on account of the Inflation Reduction Act [IRA], and this surely supports the plausibility of the hydrogen import target – as long as US and EU can make concessions to each other,” the Topsoe executive said.
CWP CTO Guido Schumacher welcomed the work with Hydrogenious on the study. The work will “serve to further explore the viability of LOHCs for long-distance shipping of green hydrogen, using our 15 GW Aman project as a model”, he said.
Hydrogen technology developers Logan Energy and PlusZero have opened a green hydrogen centre at Edinburgh’s Heriot-Watt University.
Kellas Midstream and generator RWE have announced a partnership that will see the pair evaluate the potential for large-scale green hydrogen production in Teesside.
You only need to have read a little of the media coverage to realise there were some clear key themes to emerge from CERAWeek 2023.
It’s clear that hydrogen produced from renewable energy will play an important role in supporting our transition away from fossil fuels to a low carbon energy system.
Funding for a 3GW hydrogen production site in Kintore, alongside projects to decarbonise Highland transport and whisky, has been unveiled.
Lhyfe and Centrica have agreed to jointly develop offshore renewable green hydrogen in the UK in what they’ve called a first for the country.
A decision has been made on the decarbonisation equipment that will form the backbone of a major low-carbon hydrogen project.
“[Jera] are interested in whether there is a way to drop products such as hydrogen and ammonia into the LNG value chain,” said Jeff Gustavson, president of Chevron New Energies.
Total Eren has left a partnership to develop the HyEnergy scheme but will continue with plans to build gigawatts of green hydrogen capacity across the country.