Shell Deutschland has announced the final investment decision (FID) for the Refhyne II project, a 100MW green hydrogen endeavor in Rheinland, Germany. The project aims to utilize 15,000 tonnes of green hydrogen annually produced by PEM electrolysis to substitute grey hydrogen in refinery processes. Scheduled for a 2027 launch, Shell will employ ITM Power's electrolyser technology, following a capacity reservation agreement. The decision to proceed, bolstered by EU green hydrogen targets and German regulations, is viewed positively by ITM Power. Shell confirms the project's financial feasibility within its Renewables & Energy Solutions business, highlighting the project's internal rate of return exceeding thresholds. Shell's commitment to green hydrogen is further emphasized by its recent FID on the Holland Hydrogen I project in the Netherlands. Despite recent strategic shifts away from biofuel and sustainable aviation fuel ventures, Shell maintains its dedication to advancing the hydrogen economy through innovative and financially sound projects.