Published by Todd Bush on September 18, 2024
America and Europe have been strong trade partners for hundreds of years. A new venture to ship clean hydrogen across the Atlantic Ocean is set to bring the relationship into a greener and more environmentally friendly era. World and industry leaders are realizing that hydrogen holds the key to averting major climate disasters, and Europe wants 10 million metric tons of it every year by 2030. America’s Gulf Coast states are ready to provide it.
>> In Other News: AFC Energy launches Hyamtec Limited (“Hyamtec”) to Unlock the Global Hydrogen Value Chain
20 corporations have come together to form the H2TC, the Hydrogen Trade Coalition. Major players such as Shell and Apex Clean Energy joined the coalition to demonstrate their commitment to a cleaner planet with a shift away from fossil fuels. These corporations will work with the respective governments of America and Europe to streamline the transportation of hydrogen from America’s Gulf Coast to Northwestern Europe.
The H2TC has ambitious goals. The coalition wants to start shipping hydrogen by 2026. To do that, the corporations involved will need to scale up production on America’s Gulf Coast and ensure that proper infrastructure is in place for transporting the valuable fuel. Participating companies receive benefits from the H2TC, including:
The mission of shipping hydrogen to Europe aims to help American companies scale up production of hydrogen. The demand for hydrogen is booming in Europe, and this collaboration may help keep costs manageable for European entities.
Europe is struggling to increase hydrogen production in the region. Because the continent is relatively more crowded, it’s been difficult to develop the necessary infrastructure. Fortunately, America’s Gulf Coast states already have pipelines in place from the oil trade, and the region has access to low-cost renewable energy such as solar, wind, and hydropower. With these building blocks in place, The Gulf Coast states are ready to power up green hydrogen production to fill Europe’s quota of 10 million metric tons by 2030.
The Biden Administration invested heavily in renewable energy. Considering that the climate crisis is only getting worse, many Americans are keen to transition to green power. With tax incentives from the Inflation Reduction Act, Gulf Coast power companies are looking forward to pursuing clean hydrogen production.
To the casual observer, it may seem as if the world is suddenly obsessed with hydrogen. However, scientists have pointed to this element as a powerful clean energy source for more than a hundred years. The problem is that most hydrogen production is not 100% clean right now because the cheapest way to make it is by reforming natural gas (methane), and the byproduct is CO2.
For the Transatlantic shipping highway to work, Europe will require the production of hydrogen in the U.S. to be cleaner, either low-carbon or zero-carbon emissions. The plan in America is for Gulf Coast states to capitalize on renewable energy sources such as solar and wind to generate electricity for a process called electrolysis, splitting water molecules into hydrogen and oxygen. Embracing clean hydrogen production will help the world avoid a climate catastrophe.
Many industries in the world cannot rely on variable solar and wind energy to keep up with business. That’s why so many companies are shifting their focus to hydrogen, which offers the high combustion temperatures needed in manufacturing and transportation. The H2TC is an innovative collaboration between traditional corporations and green businesses that shows the world is ready to embrace a green future.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ✈️ Montana's $1.44B Bet on Aviation Fuel Enters Final Stretch 🌍 Carbon Removal Coalition Forms With Goal of Attracting $100-Million in Project Investments 🤝 Prime Minister Carney...
Inside This Issue ⛏️ Canada Nickel And UT Prove Mining Can Fight Climate Change 🛰️ OGCI And Carbon Mapper Team Up To Reduce Methane Emissions From The Oil And Gas Sector 🚛 RNG Continues To Lead As...
Inside This Issue 🧪 HyTerra's Kansas H₂ Could Power a Historic Industry First 🤝 Prime Minister Carney Secures Ambitious New Partnership With India Focused on Energy, Talent, and Technology Françai...
Carbon Removal Coalition Forms With Goal of Attracting $100-million in Project Investments
Leaders in Canada’s nascent carbon-removal industry have joined with several corporate and financial backers as well as the federal government in a bid to attract $100-million in project investment...
New Coalition Targets $100M for Canadian Carbon Removal Projects by 2030
An emerging industry to remove carbon dioxide out of the atmosphere got a boost on Thursday with the launch of an initiative to raise another $100 million for those projects. An emerging industry ...
TOKYO, March 6, 2026 /CNW/ - Canada is focused on what we can control – strengthening our economy at home and diversifying our partnerships abroad, including in the Indo-Pacific. Japan is an over $...
The Government of Canada, BMO, ClimeFi, NorthX, RBC, Shopify, and Vancity launch the "Advance Carbon Removal Coalition" to advance demand for Canadian CDR. OTTAWA, ON, March 5, 2026 /CNW/ - Canada...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.