Ammonia production presents an early market for low-carbon hydrogen
Low-carbon hydrogen requires $600bn investment by 2050 – Wood Mackenzie
Global demand for low-carbon hydrogen expected to rise to 223mn t/yr by 2050, initially driven by use in ammonia production
Low-carbon hydrogen production will require at least $600bn in investment by 2050, according to research firm Wood Mackenzie. Global demand for low-carbon hydrogen is currently under 1mn t/yr, but is expected to rise to 223mn t/yr by 2050. “Substantial investments are required to accommodate the anticipated growth for the global low-carbon hydrogen market up to 2050,” says Flor Lucia De la Cruz, senior research analyst at Wood Mackenzie. “Developers will need to invest at least $600bn by 2050, and consumers will be required to commit to offtake hydrogen not yet contracted. The opportunity is huge.” 223mn t/yr – Global demand for hydrogen by 2050 The pipeline for low-carbon hydrogen p
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