• Oli Capital

Neste and CINEA Sign the EU Innovation Fund’s Grant Agreement for Clean Hydrogen Project


Neste has closed the grant agreement process with CINEA and the European Commission, following the earlier announced positive EU Innovation Fund grant decision of EUR 88 million to Neste’s clean hydrogen project at the Porvoo refinery in Finland. The ‘SHARC’ project introduces electrolysis and carbon capture and storage (CCS) solutions that allow the quick and efficient reduction of greenhouse gas emissions at the refinery. Neste’s project is in the feasibility phase with no final investment decision made yet and with the planned start of the operations around the mid 2020s.


Reference:

https://energycentral.com/news/neste-and-cinea-sign-eu-innovation-fund%E2%80%99s-grant-agreement-clean-hydrogen-project


0 views0 comments