Shell Abandons Norway’s Hydrogen Projects Due To Lack Of Demand

Shell Plc (NYSE:SHEL) has ditched plans to build a low-carbon hydrogen plant on Norway's west coast due to a lack of demand, Reuters reported on Monday.  "We haven't seen the market for blue hydrogen materialize and decided not to progress the project," a Shell spokesperson has told Reuters. Shell’s announcement comes hot on the heels of a similar move by oil and gas giant, Equinor ASA (NYSE:EQNR).

Last week, the Norwegian state-owned multinational energy company announced that it will not move forward with plans to build a pipeline…