In New Jersey, Brainy Insights estimates that the blue hydrogen market will reach $6 billion by 2032. According to Brainy Insights, the blue hydrogen market currently reaches $1.5 billion. “North America is expected to have the most significant blue hydrogen market share. Oil refining capacity in North America was around 21.4 million barrels per day […]
In the United Arab Emirates (UAE), Utilities Middle East reported that Masdar’s new hydrogen business targets an annual green hydrogen production capacity of up to 1 million tons by 2030. The company is committed to become a global green hydrogen leader and believes that this target would enable it to save more than six million […]
In Saudi Arabia, NEOM Green Hydrogen Company (NGHC) announced that following signing financial documents with 23 local, regional, and international banks, and investment firms, it has now achieved financial close on what it claims to be the world’s largest green hydrogen production facility at a total investment value of $8.4 billion. The plant is currently […]
In Ireland, RTE reported that a new study found that 10,500 jobs could be created across the country by 2050 through the production of sustainable aviation fuels for use in aircraft and shipping that are derived from hydrogen. The analysis, by Hydrogen Mobility Ireland, also predicts that up to $246.7 million per year could be […]
In Belgium, Transport & Environment reported that hydrogen jets could be cheaper to run than fossil fuel planes from 2035 provided kerosene is taxed adequately. In 2035, running planes on hydrogen could be 8% more expensive than using kerosene. But with a tax on fossil jet fuel and a price on carbon, hydrogen planes could […]
In the United Arab Emirates, Zawya reported that Egypt’s cabinet granted approval to a draft law aimed at boosting green hydrogen projects and their related ventures. The legislation applies to projects involved in the production of green hydrogen and its various by-products, provided that agreements are reached within five years of the law’s implementation, according […]
In France, Faurecia, together with Michelin and Stellantis, announced the signing of a binding agreement for Stellantis to acquire 33.3% stake in Symbio, a specialist in zero-emission hydrogen mobility. Faurecia and Michelin will remain shareholders with 33.3% holding each. The companies said that the addition of Stellantis as a shareholder will boost Symbio’s development across […]
In Germany, RWE and the Westfalen Group said they will work together to supply green hydrogen for hydrogen-powered vehicles. Through a joint venture, RWE and Westfalen aim to develop a hydrogen fuel station infrastructure in Germany for heavy commercial vehicles in particular. The companies said that up to 70 hydrogen fuel stations will be in […]
In the United Arab Emirates, Zawya reported that Saudi Arabian oil firm Saudi Aramco has dismissed media reports claiming that its blue hydrogen plans have been put on hold. The company noted that such media reports are inaccurate. Saudi Aramco confirmed that its goal of producing up to 11 million tons of blue ammonia, a […]
In Florida, H2B2 Electrolysis Technologies, a global green hydrogen platform that provides integrated solutions across the hydrogen value chain, and RMG Acquisition Corp. III, a publicly-traded special purpose acquisition company, announced that they have entered into a definitive agreement to take H2B2 public via a business combination. Under the terms of the proposed transaction, H2B2’s […]
