Hydrogen pipeline ‘must grow’ to achieve net zero
Current project announcements leave world 600mn t/yr short of hydrogen by 2050, says consultancy Wood Mackenzie
The current pipeline of hydrogen projects has quadrupled in one year to 64mn t/yr of production—but this is still only 10pc of what will be needed in a net-zero world, according to consultancy Wood Mackenzie. The proliferation of national and regional hydrogen strategies since 2018—now totalling 75—has led to an acceleration of project announcements. “But even if all currently announced projects materialise, the market will be short by 600mn t in 2050,” says Flor de la Cruz, senior research analyst at Wood Mackenzie, speaking at the firm’s hydrogen conference. “We need to reach 649mn t/yr of hydrogen production in a net-zero world.” And the project pipeline halves when it is ‘risked’, or ass
Also in this section
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
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets
11 November 2024
Midstream project linking the two regions is gaining momentum after string of MoUs and political backing