SHERIDAN, WYOMING – July 30, 2024 – Shell Deutschland has made a significant stride towards a sustainable energy future by announcing the Final Investment Decision (FID) for the construction of a 100MW green hydrogen plant at its Rheinland Energy and Chemicals Park. This landmark project, named Refhyne II, reinforces Shell's unwavering commitment to the burgeoning hydrogen economy and positions the company as a frontrunner in the global energy transition.
Scaling Green Hydrogen for Sustainable Refining
The Refhyne II facility is projected to produce 15,000 tons of green hydrogen annually, utilizing advanced PEM (Proton Exchange Membrane) electrolysis technology. This renewable hydrogen will be instrumental in substituting a portion of the "grey" hydrogen currently employed in Shell's refining processes, thereby substantially reducing carbon emissions and fostering a cleaner, more sustainable refining operation.
Strategic Partnership with ITM Power
In a collaborative effort to drive innovation and environmental stewardship, Shell has partnered with ITM Power, a leading provider of PEM electrolyzer technology. This strategic alliance leverages the combined expertise of both companies to ensure the successful implementation and operation of the Refhyne II project. ITM Power has expressed enthusiasm for Shell's decision, emphasizing the project's significance in advancing the global adoption of green hydrogen solutions.
A Testament to Supportive Policy Frameworks
The realization of the Refhyne II project is attributed to the favorable policy environment, notably the EU's binding targets for green hydrogen utilization and the robust regulatory framework established by the German government.These supportive measures have created a conducive investment landscape for renewable energy projects, propelling the transition to a low-carbon economy.
Reinforcing Shell's Commitment to Hydrogen Leadership
Huibert Vigeveno, Shell Downstream's Director of Renewables and Energy Solutions, underscored the FID as a tangible demonstration of Shell's commitment to the burgeoning hydrogen economy. He stressed the importance of establishing the right enabling conditions to facilitate the development and deployment of economically viable green hydrogen projects on a broader scale.
A Milestone in Decarbonization and Energy Transition
With operations slated to commence in 2027, the Refhyne II project represents a significant milestone in the decarbonization of the refining industry and the transition to a more sustainable energy system. Shell's substantial investment in this groundbreaking initiative showcases the growing confidence in green hydrogen's potential as a clean and versatile energy carrier.
Furthermore, the Refhyne II project aligns with Germany's ambitious goals to become a global leader in green hydrogen production. By investing in cutting-edge renewable energy technologies, Shell is playing a pivotal role in shaping a greener and more sustainable future for Germany and the world.