SHARC
SHARC stands for Sustainable Hydrogen and Recovery of Carbon. SHARC project intends to decarbonise hydrogen production at the Porvoo refinery, in Finland by replacing grey hydrogen with green and blue hydrogen through electrolysis and CCS respectively.
Project type:Capture
Participants:Neste
Country:Finland
Type of capture:Fuel Production (Hydrogen)
IOGP members involved: No
Planned start of operation: The final investment decision is expected to be made in 2023, with planned start in 2025/26.
CO2 capacity at start date: 0.4
CO2 capacity after completion: 0.4
Status: Early Development
Type of storage: Not applicable
Funding and support scheme: Innovation Fund
Info related to the funding and support scheme: The EU Innovation Fund has given a positive grant decision of EUR 88 million funding to Neste’s green hydrogen and CO2 capture & storage project.
Notes:
Links: https://www.neste.com/news/neste-and-cinea-sign-the-eu-innovation-fund-s-grant-agreement-for-chemical-recycling-project-pulsehttps://www.ccusnetwork.eu/news/ccsccus-winner-first-innovation-fund-round-large-scale-projectshttps://www.neste.com/news/neste-to-receive-funding-from-the-eu-innovation-fund-to-develop-its-porvoo-refinery-through-green-hydrogen-production-and-carbon-capture-and-storagehttps://cinea.ec.europa.eu/index_enhttps://www.greencarcongress.com/2021/11/20211118-neste.html