Belgian Government Backs Low Carbon Hydrogen Production
Key Ideas
- The new Belgian government has announced support for all forms of low carbon hydrogen production, signaling a commitment to sustainable energy initiatives.
- Hydrogen infrastructure development between France and Belgium is being promoted by TSOs GRTgaz and Fluxys through a market call, enhancing cross-border energy connectivity.
- Fluxys plans a significant increase in investment for hydrogen pipelines, from €700 million to €2 billion by 2033, showing a long-term commitment to hydrogen infrastructure expansion.
- Quantum Commodity Intelligence offers a premium subscription service providing professionals in the energy market with daily price assessments, market news, and fundamental trade data, including a specialized Quantum Hydrogen service.
Media reports have revealed that the new Belgian government is aiming to bolster low carbon hydrogen production in the country. This decision signifies a positive step towards promoting sustainable energy solutions and reducing carbon emissions. Additionally, Transmission System Operators (TSOs) GRTgaz and Fluxys have initiated a market call for the establishment of hydrogen infrastructure linking France and Belgium. This move aims to enhance energy connectivity between the two nations and facilitate the growth of the hydrogen market in the region.
Furthermore, Fluxys, a key player in the energy sector, has announced plans to significantly increase its investment in hydrogen pipelines. The company's CEO stated that the initial €700 million earmarked for this purpose will now be raised to €2 billion by 2033. This substantial boost in funding highlights Fluxys' strong commitment to expanding and modernizing hydrogen infrastructure to support the growing demand for clean energy solutions.
In addition to these developments, professionals in the oil, biofuels, carbon, ammonia, and hydrogen markets can access valuable insights and data through Quantum Commodity Intelligence's premium subscription service. The Quantum Hydrogen service offers subscribers daily price assessments, market news, price commentary, and fundamental trade data, providing industry players with essential information to make informed decisions and stay updated on the latest market trends. For those interested in subscribing to Quantum's platforms or requiring assistance with their services, Quantum Commodity Intelligence encourages reaching out for further information.