captureSHARC
Company Logo

Neste

SHARC

SHARC – Sustainable Hydrogen and Recovery of Carbon – will reduce emissions at the Porvoo refinery, Finland by moving from grey hydrogen towards green hydrogen through the introduction of electrolysis facilities and blue hydrogen by application of carbon capture and storage (CCS). Hydrogen is essential in the production processes of transportation fuels, so the green and blue hydrogen will reduce the carbon intensity of these fuels. SHARC will also scale the production of green hydrogen to help make it a viable transportation fuel itself. Through this transition SHARC will save more than 4 Mt CO2 in the first 10 years of operation.

City

Porvoo

Country

Finland

Region

europe

Gov funding

€88,286,266

Overview

Full Project Overview

All key information and technical data related to this project

Overview

Company:
Project name:
SHARC
Project categories:
capture
City:
Porvoo
State:
Uusimaa
Country:
Finland
Region:
Europe
Government funding:
€88,286,266
Sector:
Hydrogen
Capacity (Mt/year):
360,000
Status:
Cancelled
Date announced:
Nov-2021
News

Related News

Explore recent news and developments connected to this project.

Date
Article title
Source
2024-10-24
Finland's Neste scraps investment in renewable hydrogen in tough biofuel market
2023-05-05
Neste Moves Forward With Renewable Hydrogen Project in Porvoo Refinery
2022-04-04
Neste, European Commission Sign $97 Million Grant Deal for Clean Hydrogen 'SHARC' Project for Porvoo Refinery in Finland
2021-11-16
Neste to receive funding from the EU Innovation Fund to develop its Porvoo refinery through green hydrogen production and carbon capture and storage