Spanish oil firm Repsol has significantly reduced its green hydrogen capacity ambitions, citing scepticism over market adoption and economic viability.
The company’s CEO, Josu Jon Imaz, told investors last week (February 20) that Repsol’s initial aim for 1.9GW of installed renewable hydrogen capacity by 2030 had been reduced to between 700MW and 1.2GW.
H2 View understands that 350MW of hydrogen production will come from biomethane reforming at refineries to reduce the need for additional investment in electrolysis.
