Letter on hydrogen: Grey is going green and blue
Recent breakthroughs in the refining sector are important and should not be lost in the wider malaise over project FIDs
Hydrogen’s global conference circuit restarts this month after the summer recess, with the industry’s ongoing struggle to achieve project FIDs once again high on the agenda. Only about 15% of the green and blue hydrogen projects announced since 2015 have reached FID, according to the latest estimate from management consultants McKinsey & Company. Others put the figure significantly lower. The switch to green and blue hydrogen is gaining some genuine momentum in the refining sector “Hydrogen projects are facing bottlenecks, such as the need to build out entire value chains for technology deployment preventing them from reaching FID,” McKinsey said in its latest assessment of the t
Also in this section
6 September 2024
Emirati NOC signs groundbreaking deal to take 35% stake in ExxonMobil’s large-scale Baytown project, despite uncertainty over US government support
5 September 2024
French green hydrogen producer to supply German firm’s network of refuelling stations under its first major long-term offtake agreement
3 September 2024
Beijing-based electrolyser manufacture will also develop projects with strategic partners in boost for Andalucia region’s green hydrogen ambitions
3 September 2024
As all-electric car sales growth grinds to a halt, firms are eyeing a long-term future for zero-emissions liquid fuels