African nations ‘could meet 22pc of hydrogen trade’
Report from the Africa Green Hydrogen Alliance says region could help meet both European and Asian demand
African countries could meet 22pc of the expected international cross-border hydrogen and derivatives trade by 2050, according to a report from the Africa Green Hydrogen Alliance (AGHA), a group of six African countries looking to promote regional development of the fuel. A separate report by consultancy Mckinsey found global hydrogen demand could reach 607mn t/yr by 2050, although this is at the higher end of a range of demand figures published by other organisations. Local supply will mee the bulk of global demand. But international cross-border trade for hydrogen and its derivatives is expected by Mckinsey to reach 100–180mn t/yr by 2050, with the majority of growth occurring between 2030
Also in this section
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Inclusion of funding in government’s budget ends uncertainty over support for 11 electrolytic projects
25 October 2024
Investors in hydrogen, CCUS and other energy transition technologies face uncertainty over the outlook for government support after November’s presidential election
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar