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Transport fuel Shipping Aviation Renewables Electrolysers Carbon capture
Tom Young
26 April 2022
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Hydrogen demand to grow sixfold by 2050 – McKinsey

Industrial use, road transport and synfuel production after 2035 are responsible for bulk of demand growth

Hydrogen demand is projected to grow at least sixfold by 2050, driven by the road transport, maritime and aviation sectors, according to the central scenario in consultancy McKinsey’s Global Energy Perspective. Demand could rise from 80mn t/yr today to 536mn t/yr by 2050, depending on uptake in particular sectors. In McKinsey’s ‘Further Acceleration’ scenario—where countries accelerate their commitments to the Paris climate deal and global warming is kept to 1.9°C this century—industrial use in the iron and steel sectors will drive 29mn t/yr of hydrogen demand growth by 2035. Another 26mn t/yr of demand growth is expected to come from road transport, driven by the increasing cost-competitive

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Also in this section
Rolls Royce enters electrolyser sector
1 July 2022
Firm has acquired a 54pc majority stake in German electrolyser stack specialist Hoeller Electrolyzer
UK aims for summer launch of hydrogen support scheme
1 July 2022
First round of government scheme to offer revenue support to electrolytic projects, minister says
India urged to develop hydrogen hubs
1 July 2022
Nation should have 150MW of electrolyser capacity by 2025, says industry body
Hy Stor targets offtakers for Mississippi hub
1 July 2022
Rolls Royce, Nasa and the US Navy potential customers for green hydrogen hub, which has also applied for federal funding

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