24 May 2021 16:27 GMT Updated 24 May 2021 16:56 GMT in London
Global hydrogen demand is forecast to increase from around 80 million tonnes per annum in 2021 to upwards of 100 million tpa by 2030, according to analysts at Fitch Solutions.
The green hydrogen sector could produce approximately 10 million tpa by 2030 – up from its current 0.1% of hydrogen market share – although this is a preliminary assessment, Fitch said. Green hydrogen is produced using renewable energy to power electrolysis – splitting water molecules into hydrogen and oxygen.
The green hydrogen project pipeline stood at 71 gigawatts in February this year versus zero in 2019-2020 and has since increased over the second quarter to 121GW, comprising 136 projects in the planning and development phases, Fitch said.
Oman Green Energy Hub will rival in size $36 billion Aussie mega project tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Oman Green Energy Hub will rival in
size $36 billion Aussie mega project Published: 8:35 PM, May 22, 2021 Hong Kong-based InterContinental Energy, the world’s biggest green hydrogen developer, is a key investor in either venture
10 SHARE
The Oman Green Energy Hub a giant integrated green fuels project unveiled last week for development across the vast desert settings of the Sultanate’s Al Wusta Governorate is expected to mirror in scope and capacity an equally ambitious scheme planned in Western Australia with an estimated investment of $36 billion.
Leading the development of the proposed Asian Renewable Energy Hub in Australia is Hong Kong-based InterContinental Energy, the same developer named last week in the international consortium behind the Oman Green Energy Hub. Privately-owned InterContinental Energy is billed as the world’s largest green hydrogen with a portfolio of around $100 billion in investments globally.
Project peers: Hong Kong-based InterContinental Energy, the world’s biggest green hydrogen developer, is a key investor in either ventureThe Oman Green Energy Hub a giant integrated green fuels project unveiled last week for development across the vast desert settings of the Sultanate’s Al Wusta Governorate is expected to mirror in scope and.
Oman to host 25GW of solar and wind for green hydrogen project pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org Daily Mail and Mail on Sunday newspapers.