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Blue hydrogen will account for 85% of U.S. low-carbon hydrogen production capacity by 2030

 Last Update: 2021-09-10
 Source: Internet
 Author: User

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Sinochem News reported on September 7 from Hydrocarbon Processing News that the global hydrogen market is booming.

According to GlobalData's latest report "North American Hydrogen Energy Market-Overview, Demand, Policies, Transactions and Major Participants", North America has been increasing investment in new areas of hydrogen, such as transportation, green fuels and electricity, to adapt to global hydrogen market A clean energy transition fuel trend

GlobalData Energy Transition Analyst Miles Weinstein commented: “Due to the low price of natural gas and the abundance of suitable locations for geological carbon storage, blue hydrogen production in North America is the cheapest in the world

"Although the production cost of blue hydrogen is higher than that of gray hydrogen, the carbon capture and storage tax credit in the United States has effectively reduced the cost of blue hydrogen to $1.

Green and blue hydrogen producers in North America target the transportation sector as a potential market more than anywhere else

Weinstein continued: "Due to California's low-carbon fuel standards, the current transportation industry's demand is mainly limited to a niche market in California

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