African nations ‘could meet 22pc of hydrogen trade’
Report from the Africa Green Hydrogen Alliance says region could help meet both European and Asian demand
African countries could meet 22pc of the expected international cross-border hydrogen and derivatives trade by 2050, according to a report from the Africa Green Hydrogen Alliance (AGHA), a group of six African countries looking to promote regional development of the fuel. A separate report by consultancy Mckinsey found global hydrogen demand could reach 607mn t/yr by 2050, although this is at the higher end of a range of demand figures published by other organisations. Local supply will mee the bulk of global demand. But international cross-border trade for hydrogen and its derivatives is expected by Mckinsey to reach 100–180mn t/yr by 2050, with the majority of growth occurring between 2030
Also in this section
9 October 2024
Geopolitical shift is boosting investment case for renewable hydrogen production in the two regions
8 October 2024
As the world decarbonises, the emergence of green hydrogen stands as a pivotal force in the energy transition landscape
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
3 October 2024
The stakes are high for project developers as they choose which hydrogen molecule or derivative with which to target future markets