UAE targets $1.3/kg blue hydrogen
Country should target green and blue hydrogen production as it looks to develop market, says Qamar Energy report
The UAE could produce blue hydrogen for as little as $1.3/kg based on IEA estimates for gas prices, according to a report from consultancy Qamar Energy. This is at the low end of the range calculated by thinktank the Energy Transitions Committee of the possible costs of producing blue hydrogen today. The range is $1.3-2.9/kg depending on the cost of natural gas and carbon capture and storage infrastructure. The Hydrogen Council estimates the cost of producing blue hydrogen in Europe at $2.1/kg today, falling to about $1.8/kg by 2030. The UAE has access to cheap natural gas, and the report notes that its CO₂ storage costs are likely to be lower than most locations. “Storage sites are formed b
Also in this section
27 November 2024
The clean hydrogen sector has endured a difficult year, but it will end 2024 better equipped to fulfil its long-term potential
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE