Amid the heightening need to address global warming, Europe, China, and Australia are reportedly planning to build new hydrogen projects to amplify the production of clean fuel in order to lower emissions.
According to reports, new refueling infrastructure is also being developed across several countries to assist in decarbonizing heavy-duty and other modes of transport.
Earlier in March, trading firm Vitol and U.K.-based ITM, publicized a refueling joint venture, targeting the British market, to cater to lorries, cars, and buses.
It is reported that H2 Mobility, a German refueling firm, is planning to add more refueling stations in the country to 300 by 2030 after securing $119m in funding.
On the other hand, U.S. refiner, Phillips 66 and Swiss firm, H2 Energy have collaborated to install around 250+ refueling stations across Austria, Germany and Denmark.
Meanwhile, Spanish oil and gas company, Cepsa also plans to deploy hydrogen refueling stations every 300 km on the main arteries connecting Spain with other parts of Europe to lower emissions.
Reports also suggest that the European Union (EU) is gradually updating its alternative fuels infrastructure directive into mandatory regulation for its members.
Germany’s Ismail Ertug, a European Parliament Member responsible for delivering the legislation, has pushed to reinforce the directive for hydrogen fueling stations to one outlet per 100km, which is down from the earlier 150km, along the Trans-European Transport Network (TEN-T) planned by the bloc.
Under the proposals, member states will also roll out regular electric vehicle charging points.
It is imperative to note that hydrogen, produced from both natural gas and renewable energy, will play a vital role in the coming years as economies and industries will transit to a low-carbon world to mitigate climate change.
Reportedly, the global hydrogen industry is anticipated to hit around $183 billion by 2023, up from $129bn in 2017 while Europe aims at building 28,000 km of hydrogen pipelines by 2030.
It is also worth noting that several other major hydrogen projects are under development.
Source Credit - https://www.thenationalnews.com/business/road-to-net-zero/2022/09/08/to-lower-emissions-countries-are-increasingly-turning-to-hydrogen/
