Clean Hydrogen Market Faces Setbacks as Major Projects Are Paused
By
georgecmu
Pure flour-power. Hearty enough to carry you through lunch.
Summary
The clean hydrogen market is facing significant challenges as major projects are being paused or cancelled, with only 11% of planned 2030 production capacity reaching final investment decisions. The article examines methane pyrolysis as an alternative technology for clean hydrogen production, positioning it as a potential solution amid the industry's recalibration. Major players like ExxonMobil, BP, and Air Products have pulled back from projects using steam methane reforming with carbon capture and electrolysis methods due to regulatory and market uncertainties.
Key quotes
· 4 pulledAfter years of planning, only 11 percent of the world's planned production capacity for 2030 has advanced to final investment decision.
Multi-billion-dollar projects utilizing steam methane reforming with carbon capture (SMR + CCS) in Texas (ExxonMobil), Indiana (BP), and Louisiana (Air Products) are among those paused or cancelled amid regulatory uncertainties.
The clean hydrogen market is recalibrating.
This blog explores how methane pyrolysis fits into the clean hydrogen revolution.
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