Blue hydrogen has increasingly been positioned as a pragmatic, cheaper source of clean hydrogen that could meet demand in the early stages of the energy transition.
As a nascent industry – evidenced by recent data showing that committed investments fall short of the levels required to meet 2030 targets – blue hydrogen, derived from natural gas with carbon capture, has been heralded as the pathway to drive action.
“In 10 years, I don’t think anybody will be using grey hydrogen. Everybody will be using blue,” Air Products President and CEO, Seifi Ghasemi, boldly told an investor call this May.
The International Energy Agency’s (IEA) Global Hydrogen Review 2024, said that if all announced blue hydrogen projects are realised, production would increase eightfold from 0.6 million tonnes per annum in 2023 to 11 mtpa by 2030.
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