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Ceres to deliver megawatt-scale SOEC to Shell

Tue, 28th Jun 2022 08:20

(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power has signed an agreement with Shell to deliver a megawatt-scale solid oxide electrolyser demonstrator in 2023.

Ceres said on Tuesday that the SOEC system will be installed at Shell's research and development technology centre in Bangalore, India, where the hydrogen will be used in industrial processes on site.

The AIM-listed firm, which has committed £100.0m to the technology, stated the testing programme was intended to run for at least three years, forming the first stage of a collaborative relationship between the pair.

Chief executive Phil Caldwell said: "Today's announcement with Shell is a hugely important step for Ceres. The partnership endorses our business strategy and signals the potential of our SOEC technology to deliver low-cost green hydrogen for industrial decarbonisation at the scale and pace needed to reach net-zero."

As of 0815 BST, Ceres shares were up 4.01% at 596.20p.

Reporting by Iain Gilbert at Sharecast.com

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4 Apr 2024 17:09

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LONDON, April 4 (Reuters) - Northwest European diesel barge margins fell by about $1 to $25.25 a barrel on Thursday as regional inventories rose.

Trades Bids Offers Previous Seller Buyer
Session
0.1 GO Barge April
diffs fob ARA -$22
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo May
diffs cif Med +$6
per tonne
<GO-CND-MED>
50ppm barge
diffs fob ARA
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April April Shell, BP,
diffs fob ARA +$0.75- +$2-$3 Litasc Glenco
per tonne $2.25 (25.32KT o, re,
<ULSD10-BD-AR (32.45K ) ExxonM Gunvor
A> T) obil, ,
Mabana TotalE
ft nergie
s,
Vitol
Diesel cargo April Shell Vitol
diffs cif NWE +$13
per tonne (Amster
<ULSD10-ANYD- dam)
NWE>
Diesel cargo
diffs cif Med
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo flat
cif NWE per
tonne
<JET-CD-NWE>

4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

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4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

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3 Apr 2024 12:10

Dutch Senate delays Groningen gas field shutdown

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3 Apr 2024 09:58

Dutch Senate postpones decision on Groningen gas field shutdown

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2 Apr 2024 20:50

Kazakhstan's Kashagan operator says reports of oil spill not confirmed

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2 Apr 2024 18:55

Europe Distillates-Diesel margins rebound

LONDON, April 2 (Reuters) - Northwest European diesel barge margins ticked $1.91 higher to around $25.05 a barrel on Tuesday, after hitting their lowest since July 2023 on Thursday in the final session before Easter holidays in Europe.

Trades Bids Offers Previous Seller Buyer
Session
0.1 GO Barge Apr -$21
diffs fob ARA
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo April
diffs cif Med +$6.5
per tonne 0
<GO-CND-MED>
50ppm barge April
diffs fob ARA -$2
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April Apr Shell, BP,
diffs fob ARA +$2.54 $2-$4 Belgom Vitol,
per tonne (34.85K ine Glenco
<ULSD10-BD-AR T) re,
A> Gunvor
,
Totsa
Diesel cargo April Shell BP
diffs cif NWE +$14
per tonne (CIF
<ULSD10-ANYD- Thames)
NWE>
Diesel cargo Med
diffs cif Med +$3
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel CCM
barge -$6
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo +$6.50
cif NWE per
tonne
<JET-CD-NWE>

2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

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2 Apr 2024 12:29

Shell back in court in landmark Dutch climate case

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2 Apr 2024 11:00

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2 Apr 2024 09:09

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Shell Share News (SHEL)

Share Price Information for Shell (SHEL)

Ceres to deliver megawatt-scale SOEC to Shell

North Sea Crude-Brent, WTI Midland trade

Europe Distillates-Diesel margins slip on rising inventories

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

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Dutch Senate delays Groningen gas field shutdown

Dutch Senate postpones decision on Groningen gas field shutdown

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Europe Distillates-Diesel margins rebound

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

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