SHARC
Overview
Status2022-04-04: feasibility phase; no final investment decision; 2024-10-24: withdrawn from investment in 120 MW electrolyzer
Country · regionFinland
Technologyalkaline electrolysis, carbon capture technology, carbon dioxide offshore storage
Productlow-carbon transportation fuels
Capacity values retain their recorded units and scope. MW, kt H₂/y and Nm³ H₂/h are different measures; this page does not convert or add them without a shared operating basis.
Details
Technology & product
Carbon Reductionmore than 4 Mt CO2eq in the first ten years of operation
Componentsgreen hydrogen production, blue hydrogen production, carbon capture and storage
Configuration DetailAlkaline water electrolysis at 50 MW; carbon capture with offshore CO2 storage; hydrogen distribution terminal planned for mobility demonstration
Power Sourcewind PPAs
Capacity & economics
FinancingEUR 88 286 266 Innovation Fund grant
Status & timeline
Lifecycle Stagefeasibility phase; no final investment decision made yet
Eventgrant agreement closed with CINEA and the European Commission on 4 April 2022
Location & names
Site NamePorvoo refinery
Official NameSHARC
Additional project information
Progress StatusCancelledInternational Energy Agency · as of 2026
Configuration DetailUnknown TechnologyInternational Energy Agency · as of 2026
ProductH2International Energy Agency · as of 2026
TechnologyNG w CCUSInternational Energy Agency · as of 2026
Timeline
No recorded project events.
Sources & record history
Sources
- Neste Corporation Neste and the Climate, Infrastructure and Environment Executive Agency (CINEA) of the European Commission sign the EU Innovation Fund’s grant agreement for the clean hydrogen project 'SHARC' in Porvoo Shared by 2 fields: Current
- Neste Corporation Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo Shared by 3 fields: Current
- European Commission, Directorate-General for Climate Action SHARC: Sustainable Hydrogen and Recovery of Carbon Shared by 9 fields: Current
- International Energy Agency IEA Hydrogen Projects dataset Shared by 4 fields: Snapshot 2026-06-18 · Confidence: reported · Older value (2026)
Field sources
Shared date, confidence and value status appear once with their source above; a dash in the table refers to that source context.
| Field | Shown value | Original value | Source | Date basis | Meaning |
|---|---|---|---|---|---|
| Name | SHARC | View exact valueSHARC | Neste and the Climate, Infrastructure and Environment Executive Agency (CINEA) of the European Commission sign the EU Innovation Fund’s grant agreement for the clean hydrogen project 'SHARC' in Porvoo | — | |
| Site Name | Porvoo refinery | View exact valuePorvoo refinery | Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo | — | |
| Country | Finland | View exact valueFinland | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Official Name | SHARC | View exact valueSHARC | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Carbon Reduction | more than 4 Mt CO2eq in the first ten years of operation | View exact valuemore than 4 Mt CO2eq in the first ten years of operation | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Components | green hydrogen production, blue hydrogen production, carbon capture and storage | View exact value["green hydrogen production","blue hydrogen production","carbon capture and storage"] | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Configuration Detail | Alkaline water electrolysis at 50 MW; carbon capture with offshore CO2 storage; hydrogen distribution terminal planned for mobility demonstration | View exact valueAlkaline water electrolysis at 50 MW; carbon capture with offshore CO2 storage; hydrogen distribution terminal planned for mobility demonstration | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Power Source | wind PPAs | View exact valuewind PPAs | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Product | low-carbon transportation fuels | View exact valuelow-carbon transportation fuels | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Technology | alkaline electrolysis, carbon capture technology, carbon dioxide offshore storage | View exact value["alkaline electrolysis","carbon capture technology","carbon dioxide offshore storage"] | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Financing | EUR 88 286 266 Innovation Fund grant | View exact valueEUR 88 286 266 Innovation Fund grant | SHARC: Sustainable Hydrogen and Recovery of Carbon | — | |
| Event | grant agreement closed with CINEA and the European Commission on 4 April 2022 | View exact valuegrant agreement closed with CINEA and the European Commission on 4 April 2022 | Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo | — | |
| Lifecycle Stage | feasibility phase; no final investment decision made yet | View exact valuefeasibility phase; no final investment decision made yet | Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo | — | |
| Progress Status | 2022-04-04: feasibility phase; no final investment decision; 2024-10-24: withdrawn from investment in 120 MW electrolyzer | View exact value{"2022-04-04":"feasibility phase; no final investment decision","2024-10-24":"withdrawn from investment in 120 MW electrolyzer"} | Neste and the Climate, Infrastructure and Environment Executive Agency (CINEA) of the European Commission sign the EU Innovation Fund’s grant agreement for the clean hydrogen project 'SHARC' in Porvoo | — | |
| Progress Status | Cancelled | View exact valueCancelled | IEA Hydrogen Projects dataset | — | — |
| Configuration Detail | Unknown Technology | View exact valueUnknown Technology | IEA Hydrogen Projects dataset | — | — |
| Product | H2 | View exact valueH2 | IEA Hydrogen Projects dataset | — | — |
| Technology | NG w CCUS | View exact valueNG w CCUS | IEA Hydrogen Projects dataset | — | — |
Record history
13 current sourced values · 0 older values · Record updated