Shell, ITM Power, Linde Partner To Expand Capacity Of Wesseling Plant

(Alliance News) - Royal Dutch Shell PLC on Friday said it intends to set up the first commercial ...

Alliance News 26 February, 2021 | 9:28AM
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(Alliance News) - Royal Dutch Shell PLC on Friday said it intends to set up the first commercial bio-power-to-liquid plant to produce sustainable aviation fuels in the Wesseling section of the Rheinland refinery, Germany.

In addition, the Anglo-Dutch oil & gas firm said capacity of the polymer electrolyte membrane hydrogen electrolysis plant, which Shell is currently completing in the Wesseling plant together with ITM Power PLC and Linde PLC, is to be increased tenfold from the current 10 megawatts to 100 megawatts. Construction of this facility is expected to start in 2022.

Shell said it, together with its partners, have applied for funding from the EU and Germany for both projects. A final investment decision for both projects is still pending.

"The Rheinland refinery is the engine and heart of Shell's activities in Germany and will play a key role in providing the products that are increasingly different from our current crude oil-dominated range and that will increasingly convert to regenerative solutions such as synthetic and biofuels as well as green hydrogen," explained refinery Director Marco Richrath.

"We will only be able to maintain mobility in the future if it is made more sustainable and road users can significantly reduce emissions on the road, on water and in the air. To make this possible, the location's product portfolio will and must change significantly," added Fabian Ziegler, chief executive of Shell Deutschland Oil.

Shell's A shares were trading 0.8% lower in London on Friday morning at 1,483.00 pence each, while B shares were down 0.9% at 1,430.20p each. ITM Power shares were down 1.2% at 507.00p each.

In Frankfurt, Linde shares were trading 0.6% lower at EUR202.70 each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ITM Power PLC 454.00 GBX -1.13 -
Royal Dutch Shell PLC B 1,306.60 GBX 1.21
Royal Dutch Shell PLC Class A 1,366.20 GBX 1.19

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