Shell and Shenneng set up a joint venture company to build a network of hydrogen refueling stations in China.

On July 29th, Shell signed an agreement with Shanghai Shenneng Energy Development Co., Ltd., a subsidiary of Shenneng Group, to establish a joint venture company "Shanghai Shenneng Shell New Energy Co., Ltd.". The two parties will invest and build a hydrogen refueling station network in Shanghai through the joint venture company, which will become Shell's first hydrogen refueling station network in Asia.

The joint venture company plans to build 6- 10 hydrogen refueling stations in Shanghai and the Yangtze River Delta in the next five years. By 2030, its scale will be expanded to cover 30 hydrogen refueling stations in the Yangtze River Delta, which can provide hydrogen for about 3,000 fuel cell trucks or buses every day. After the completion of this hydrogen refueling station network, it will accelerate the application of fuel cell vehicles in the fields of road freight, public transportation, municipal services and ports in Shanghai and the Yangtze River Delta region, and help the development of Shanghai national fuel cell vehicle demonstration and application urban agglomeration.

In a short time, these hydrogen stations will use low-emission industrial by-product hydrogen from the local chemical industry. Shell and Shenneng Group will also explore opportunities to directly participate in green hydrogen production and supply green hydrogen to these hydrogen refueling stations in the future.

Huang Dinan, Party Secretary and Chairman of Shenneng Group, said that under the guidance of the "double carbon" strategy, China's energy system will develop in a cleaner, lower carbon, safer and more efficient direction. As a comprehensive energy enterprise group, Shenneng Group has actively integrated into the "double carbon" strategy, laid out a new track for hydrogen energy industry, and made every effort to get through the key links of "production, storage, transportation, addition and use" of hydrogen energy development in accordance with the "three verticals and three horizontals" strategy. I hope that in this cooperation, Shenneng and Shell will give full play to their advantages, do a solid job in hydrogen infrastructure construction, and build a safe, reliable, advanced and high-quality hydrogen infrastructure site with high quality. Starting from this cooperation, they will cooperate with more forces to help the development of hydrogen energy industry and contribute to the energy transformation of serving the country and Shanghai.

Huang Zhichang, Chairman of Shell China Group, said that hydrogen energy will play an important role in the decarbonization process of China transportation, heavy industry and other industries that are difficult to reduce emissions. It is predicted that in 2030, the proportion of hydrogen energy in China's energy system will reach at least 5%. We see that there are many development opportunities in China's hydrogen energy value chain. Through the cooperation with Shenneng, we are very happy to support the development of China's hydrogen energy industry and contribute to the realization of China's "double carbon" goal.

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