14
Dec
13:59
SSE Thermal acquires 50% stake in UK blue hydrogen project
Energy storage asset operator SSE Thermal has acquired a 50% stake in Kellas Midstream’s blue hydrogen project in Teesside, UK.
The two companies will set up a joint venture to develop the H2NorthEast production facility utilising carbon capture and storage (CCS), Kallanish learns from SSE. The JV agreement is for an initial consideration of £10m ($12.5m) to Kellas, with further consideration due should the project reach a financial investment decision…
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