Shell to develop hydrogen refuelling network in Shanghai
Oil major agrees to form joint venture with local state-owned Shenergy to install up to ten stations by 2027
Shell has set out plans to expand its presence in China’s growing low-carbon hydrogen market by developing a truck and bus refuelling network in Shanghai and the Yangzte River Delta under a joint venture with local state-owned energy company Shenergy. The two firms aim to install up to ten refuelling stations over the next five years, scaling up to 30 by 2030—enough to supply about 3,000 fuel-cell trucks or buses every day. “It is expected that hydrogen will scale up significantly and make up at least 5pc of China’s energy system by 2030. We see opportunities across the hydrogen value chain in China,” says Jason Wong, executive chairman of Shell China. 30 – Target number of refuelling
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