Shell, Harbour Team Up in U.K. Carbon Capture, Hydrogen Project
- Oil producers join developer Storegga in its Acorn venture
- Acorn could be one of U.K’s first CCS, hydrogen hubs in 2020s
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Royal Dutch Shell Plc is joining a project to build what could be one of the U.K.’s first large-scale carbon capture and hydrogen hubs as the oil major refocuses toward cleaner energy and slims down its traditional business.
Shell will team up with the U.K.’s biggest independent oil and gas producer Harbour Energy Plc, and the project’s developer Storegga Geotechnologies Ltd, a unit of the latter said Friday. The companies will be equal partners in the Acorn venture, it said, without disclosing potential investments from them.