
Shell Abandons Norway’s Hydrogen Projects Due To Lack Of Demand
Shell Plc (NYSE:SHEL) has ditched plans to build a low-carbon hydrogen plant on Norway's west coast due to a lack of demand, Reuters reported on Monday. "We haven't seen the market for blue hydrogen materialize and decided not to progress the project," a Shell spokesperson has told Reuters. Shell’s announcement comes hot on the heels of a similar move by oil and gas giant, Equinor ASA (NYSE:EQNR). Last week, the Norwegian state-owned multinational energy company announced that it will not move forward with plans to build a pipeline…
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