Policy

COP28 will be the “moment of truth” for the oil and gas industry to act on decarbonisation, according to IEA Executive Director Fatih Birol.

The Hyundai Motor Group Innovation Center Singapore (HMGICS) has officially opened its doors, serving as a platform for future mobility production, and signed several MOUs including one for green hydrogen with PTC Logistics.

Egypt has approved its national strategy for green hydrogen as the North African nation aims to reach 5-8% of the global hydrogen market.

Only three hydrogen production projects in the MENA region have reached the construction stage despite optimistic government targets, according to MEED (Middle East Business Intelligence).

European Commission President, Ursula von der Leyen has announced plans for a second European Hydrogen Bank auction round, with a total value of €3bn ($3.28).

The UK Government last Friday (November 17) earmarked £960m ($1.2bn) to support clean energy manufacturing, including hydrogen.

The UK’s industrial policy has been hampered by ‘chop and change’ strategies following nine business secretaries and seven chancellors in the last 13 years, according to an Institute of Public Policy and Research (IPPR) report.

The Netherlands and Belgium could supply up to 62% of the EU’s 10Mtpa hydrogen import target for 2030, according to Westwood Global Energy Group research.

The current rate of hydrogen uptake is not strong enough compared to what is required for the Net Zero trajectory despite growing momentum, according to an updated Hydrogen Council report.

A project supported by the UK’s national innovation agency, Innovate UK, is aiming to retrofit a CTV (Crew Transfer Vessel) with hydrogen fuel cells, to cut emissions while servicing offshore wind farms.