A new Hydrogen Council report has said that optimising global hydrogen trade flows could reduce investment costs by $6 trillion across the supply chain, while accelerating the energy transition.
The Global Hydrogen Flows report, co-authored by McKinsey, identified more than 40 prospected trade routes of hydrogen or hydrogen equivalent derivatives with the capacity to transport more than one million tonnes per year by ship or pipeline.
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It estimated that 400 out of the 660 million tonnes of hydrogen and its derivatives needed for carbon neutrality by 2050 will be transported over long-distances, with 190 million tonnes crossing international borders.
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