Qatar Energy partners with H2Korea and Shell to invest in hydrogen solutions
Qatar Energy has signed hydrogen cooperation agreements to develop hydrogen solutions in Korea and UK.
QatarEnergy (formerly known as Qatar Petroleum) and H2Korea (The Hydrogen Convergence Alliance is a public-private council for revitalising hydrogen) today (25th October) have agreed to cooperate on developing hydrogen energy.
The agreement aims to improve cooperation on hydrogen between South Korea and Qatar. The partners will also collaborate on supporting growth in the hydrogen industry, technology development, and the hydrogen energy supply.
Mr Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said, “We look forward to exploring more opportunities of cooperation in hydrogen as well as in solar energies, in addition to our long-established strategic partnership in the field of liquefied natural gas.”
Previously, Qatar Energy and Shell signed an agreement (19th October) to pursue joint investments in the UK’s blue and green hydrogen projects. Both partners will target integrated and scalable opportunities in key sectors such as industrial cluster development and the transport sector, focusing on the London metropolitan area.
This was the first agreement on hydrogen between QatarEnergy and Shell. It aimed to establish an important framework for collaboration and joint investment to develop hydrogen solutions in the UK.
Mr Saad Sherida Al-Kaabi said, “[This agreement] creates a viable path for innovation and investments in low carbon fuels and technologies across the UK’s energy sector, a key area of investment for QatarEnergy.”
Ben Van Beurden, CEO of Royal Dutch Shell plc, added, “Hydrogen will play an important role in helping society reach net zero and momentum is growing. QatarEnergy’s expertise, in collaboration with Shell’s, will support the UK’s energy transition and help propel this fast-growing sector.”
