Ft Hydrogen Summit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As iron-ore mining in South Africa, West Africa, the Pilbara, and Brazil happen to be hot and windy places, it makes a lot of sense for the global south to produce green hydrogen on site to reduce, deoxidise and pelletise iron-ore into an added-value product that can be shipped more efficiently. Doing so will achieve for the global south the added value that the crude oil industry never delivered, the classic example being Nigeria, where crude oil is produced and sold for petrodollars and then reimported back into the country at five times the crude oil price, CWP Global strategy head Tom Dimi...

Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s competitive price position, brought about by rising fossil fuel prices, is, if anything, on the way to being further entrenched.