Shell's Blue Hydrogen Dream Bursts: A €1B Norwegian Project Sinks

Aukra, Wednesday, 20 November 2024.
In a striking shift away from clean energy ambitions, Shell abandons its massive blue hydrogen project in Aukra, Norway. This November 2024 decision marks a troubling trend as major oil companies, including BP and Equinor, retreat from renewable investments. The project, which aimed to produce 1,200 tonnes of hydrogen daily by 2030, collapsed due to weak market demand and soaring costs, raising serious questions about the future of Europe’s hydrogen economy.