Europe Sees Huge Hydrogen Opportunity In Asia

Hot on the tail of Europe, which has expanded its green hydrogen production over the last year, Asia is developing its hydrogen industry to become a major producer over the next decade. As several countries announce renewable energy strategies, green hydrogen, as well as hydrogen produced using carbon capture technologies, will play a major role. Green hydrogen demand is expected to increase dramatically as the world transitions away from fossil fuels to renewable alternatives. Hydrogen demand could reach anywhere between 150 to 500 million metric tonnes per year by 2050, depending on global climate ambitions, according to a PWC report. While green hydrogen is much more expensive to produce than grey hydrogen – derived from natural gas production – the push by governments around the world to curb carbon emissions by the end of the decade is already driving up demand…

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