This much we know: hydrogen is crucial to our energy future and a growing part of the picture in industrial gases from here. So, as we look ahead in 2024, and towards those key energy-transition staging posts of 2030, 2040, and 2050, how is the hydrogen picture developing?
What’s most notable is how the recent research into hydrogen and its derivatives emphasizes how important global trade is set to become.
In many respects, this was the key finding of 2022’s Global Hydrogen Flows, which was a joint report put out by the Hydrogen Council, which represents all the key players in the global hydrogen value chain, and the consultancy group McKinsey.
This 2022 report was significant in how it highlighted the inability of major future hydrogen demand regions, including Europe, Japan, and South Korea, to meet all their demand at affordable costs. Yet other regions, the report showed, could potentially have excess low-cost supply. It is a situation that sets up trade as crucial to hydrogen’s roll-out.
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