Project record
SHARC
Public information about this hydrogen project, including status, location, and technical detail.
Hover or focus the dot next to a value to see its confidence and source.
14 sourced values · 1 earlier records · 5 secondary context values
Sourced valueEarlier record, source not yet verifiedSecondary research context
Progress Status2022-04-04: feasibility phase; no final investment decision; 2024-10-24: withdrawn from investment in 120 MW electrolyzerConfidence: Reported
Source: 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
Source: 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
CountryFinlandConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
LocationView on map →
Project Identity and Location
Public NameSHARCConfidence: Reported
Source: 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
Source: 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 NamePorvoo refineryConfidence: Reported
Source: Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo
Source: Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo
Official NameSHARCConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Project Purpose and Configuration
Carbon Reductionmore than 4 Mt CO2eq in the first ten years of operationConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Componentsgreen hydrogen production, blue hydrogen production, carbon capture and storageConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Configuration DetailAlkaline water electrolysis at 50 MW; carbon capture with offshore CO2 storage; hydrogen distribution terminal planned for mobility demonstrationConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Power Sourcewind PPAsConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
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Productlow-carbon transportation fuelsConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Technologyalkaline electrolysis, carbon capture technology, carbon dioxide offshore storageConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Project Scale and Economics
FinancingEUR 88 286 266 Innovation Fund grantConfidence: Reported
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Source: SHARC: Sustainable Hydrogen and Recovery of Carbon
Project Lifecycle and Change
Eventgrant agreement closed with CINEA and the European Commission on 4 April 2022Confidence: Reported
Source: Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo
Source: Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo
Lifecycle Stagefeasibility phase; no final investment decision made yetConfidence: Reported
Source: Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo
Source: Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo
Earlier records
Technology detailUnknown TechnologyEarlier record
Original source not yet verified
Original source not yet verified
Secondary research context
Tracker snapshots are supporting research, not verified project facts. They stay separate from the sourced-value count and do not replace confirmed values.
CountryFinlandSecondary source
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Public NameSHARC NesteSecondary source
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Progress StatusCancelledSecondary source
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
ProductH2Secondary source
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Show 1 moreHide 1
TechnologyNG w CCUSSecondary source
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Confidence: Reported
Snapshot 2026-06-18
Source: Secondary source · International Energy Agency
Sources
| Source | Type | Publisher | As of |
|---|---|---|---|
| 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 | Original source | Neste Corporation | |
| Neste and CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project ‘SHARC’ in Porvoo | Original source | Neste Corporation | |
| SHARC: Sustainable Hydrogen and Recovery of Carbon | Original source | European Commission, Directorate-General for Climate Action |