The transition to a green hydrogen economy is just getting started, and the path to large-scale adaptation of renewable hydrogen needs pioneers to lead the way. Focus on renewable hydrogen is an essential part of Neste’s strategy and our goal to reach carbon neutral production by 2035.
Currently, around 95% of all hydrogen is made of fossil natural gas, which leads to significant GHG emissions. Renewable (green) hydrogen is almost emission-free and that is why it holds a massive potential to help meet our rising energy demand and contribute to global climate goals.
Renewable hydrogen is produced by electrolysis, where hydrogen is processed from water using renewable electricity, such as wind or solar, by splitting water molecules. It provides a clean, scalable, and versatile energy source for carbon-intensive processes such as steel, cement, and chemical production. In transportation and traffic, and especially in the aviation industry, renewable hydrogen has the potential to significantly reduce GHG emissions and become a competitive e-fuel alternative by 2030 and beyond.
Reaching for the frontrunner position in green hydrogen development
At the moment, Neste is working on renewable hydrogen projects to decrease the carbon footprint of its refineries and in order to be able to offer its customers high-quality fuels with low emission intensity.
Demonstrating renewable hydrogen production at our Rotterdam refinery in the Netherlands within the MultiPLHY project is one of the initiatives enabling us to further drive the development of new sustainable technologies. The commissioning stage will be reached early 2023.
Project SHARC focuses on investing in production capacity of renewable hydrogen and reducing GHG emissions from hydrogen production at the Porvoo refinery in Finland. The target is to start the first phase of operations (120 MW) around mid 2020s. Neste has decided to focus in the SHARC project on a remarkable increase in the production capacity of green hydrogen.