Hydrogen Economy Update

Wait For Technology vs Making The Most of What We Have
August 1, 2023

C-MACC Hydrogen Weekly Update 5

Wait For Technology vs Making The Most of What We Have

Key Points

  • Some of the technological breakthroughs that many hope for with hydrogen will likely not happen without scaling what we have now and developing an industry that can learn and fund itself.
  • Government spending – based mainly on national security fears – was a major driver of semiconductor development in the early days – if we are at war with climate change – hydrogen needs the same.
  • We still see an underappreciation of the cost challenges facing green hydrogen, partly because of power supply – blue hydrogen is a long-term and more affordable option – it needs more support.
  • The industrial gas companies are well positioned to drive a lot of blue initiatives through ATR-based hydrogen with CCS to oxygen production for the ATRs and oxy-combustion and nitrogen for ammonia.
  • Our projects this week focus on some very high-cost green ideas – either because of power costs or hydrogen logistics – and one low-cost blue project.

Announcing an upcoming session led by C-MACC at the World Chemical Forum  

We invite you to register for the event and visit our hydrogen expert panel session titled “The Role of Hydrogen in Decarbonizing Chemicals” on September 14th at 3:00 pm. Panelists to be announced. Please contact Graham Copley to learn more!

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