It’s hard to downplay Asia’s significance to the global hydrogen industry. The continent is set to account for 55% of the industry’s value in 2030, driven by skyrocketing demand in China – expected to be the world’s largest importer of green hydrogen – as well as from population powerhouses India and Indonesia, according to the recently published Green Hydrogen: Energising the path to Net Zero report from Deloitte.
Even as demand expands in Europe, North America, and the Middle East, and Asia’s share shrinks to 46%, it will remain highly significant. The China Hydrogen Alliance (CHA) forecasts demand for the molecule will reach 35 million tonnes per year (MTA) and comprise 5% of the country’s total energy by 2035 – rising to 60 million tonnes and 10% respectively by 2050.
The superpower’s hydrogen activity is as broad as it’s long, covering everything from major pipeline projects to hydrogen production via seawater electrolysis – and given it’s global stature, international tie-ups are becoming as prevalent as domestic developments.
China General Nuclear Power Group (CGN) recently signed an agreement with Quinto Energy to develop a 14GW renewables project in Brazil for the production of green hydrogen. Under the Memorandum of Understanding (MoU), CGN Brazil Energy and Quinto Energy aim to implement a “mega complex of wind and solar energy” in the Brazilian state of Bahia, signalling CGN’s expansion in the South American country.
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