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Air Liquide shows what a big hydrogen company looks like now. Maintaining its position as the gas becomes a key fuel for decarbonizing the global economy could be tough, but there is time to figure it out.
The company sells about €2 billion, equivalent to $2.2 billion, worth of the clean-burning fuel annually, primarily to oil refiners and fertilizer makers, roughly a 10th of its 2021 revenues.
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China's top economic planner on Wednesday announced a target to produce up to 200,000 tonnes per year of carbon-free green hydrogen by 2025 while envisioning a more widespread industry over the longer term.
China aims to produce 100,000 to 200,000 tonnes of green hydrogen a year and have about 50,000 hydrogen-fuelled vehicles by 2025, the National Development and Reform Commission (NDRC) said in a statement.
When one thinks of Saudi Arabia as far as natural resources are concerned, one might be forgiven for thinking purely in terms of crude oil—and natural gas to a lesser extent. After all, the Kingdom has long been one of the world’s top oil-producing nations; it is also the leading member nation of the global oil-producing cartel OPEC (Organization of the Petroleum Exporting Countries) and is arguably home to the world’s second-largest proven oil reserve. But in recent times, Saudi Arabia has been pushing to bolster its hydrogen-production capacity as a low-carbon alternative to oil to such an extent that much of the current analysis of this potentially game-changing clean-energy source puts the Gulf state at the centre of global production over the next decade.
Norwegian company focused on capturing CO2 emissions, Aker Carbon Capture, has joined forces with Microsoft to combine their expertise in technology to support the industry’s transition to a net-zero future while pursuing opportunities to accelerate the deployment of carbon capture, utilization and storage (CCUS) and speed up the development of its marketplace.
Australian independent Woodside Petroleum is studying the conversion of carbon dioxide (CO2) and methane emissions into synthetic gases and then into ethanol using technology developed by US energy technology firms LanzaTech and ReCarbon.
1PointFive, a subsidiary of Occidental's (NYSE: OXY) Oxy Low Carbon Ventures business, announced today the sale of 400,000 tonnes of carbon removal credits from its planned first Direct Air Capture (DAC) facility using Carbon Engineering’s DAC solution to aerospace leader Airbus (NYSE: EADSY).
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