Navigating the Waters: The Role of Shipping in Meeting Global Green Hydrogen Demand
Key Ideas
  • The report by the International Chamber of Shipping highlights the significant increase in demand for clean hydrogen to decarbonize key sectors, emphasizing opportunities for the shipping industry.
  • Meeting future hydrogen demand requires a massive scale-up of renewable electricity for green hydrogen production, offering both challenges and unprecedented opportunities for industries worldwide.
  • Europe, South Korea, and Japan are identified as key markets to drive initial hydrogen demand, with Europe aiming for 20 million tonnes of hydrogen per year by 2030, half of which is expected to be imported.
  • To meet the global hydrogen demand and facilitate the hydrogen economy, infrastructure development for production, transportation, ports, and pipelines is crucial, with the maritime industry playing a pivotal role in connecting supply regions with high-demand areas.
The International Chamber of Shipping (ICS) released a report focusing on the rising demand for clean hydrogen to decarbonize various sectors, with a particular emphasis on the opportunities for the shipping industry. Authored by Professor Stefan Ulreich from Biberach University of Applied Sciences, Germany, the report, 'Turning Hydrogen Demand Into Reality: Which Sectors Come First?', underscores the pivotal role of hydrogen as an energy carrier and feedstock for decarbonization, especially in hard-to-abate sectors. The report stresses the need for a substantial increase in renewable electricity to meet the future hydrogen demand, posing challenges and opportunities for industries. The report identifies Europe, South Korea, and Japan as leading markets to drive initial hydrogen demand, with Europe targeting 20 million tonnes of hydrogen annually by 2030, a significant portion of which is expected to be imported. Achieving this target would necessitate a considerable expansion of the shipping fleet, with up to 300 vessels needed for the EU2030 goal. Additionally, the report highlights the importance of infrastructure development, regulations, and access to power to enable new sectors to adopt hydrogen. Guy Platten, Secretary General of ICS, emphasized the industry's potential to shape the hydrogen economy, with the maritime sector serving as a key enabler. He stressed the need for enhanced port and infrastructure development to facilitate maritime uptake of hydrogen, ultimately transforming the energy-maritime value chain. Professor Ulreich also emphasized the critical role of the maritime industry in connecting surplus hydrogen regions with high-demand areas through efficient transport infrastructure. The report outlines that meeting global hydrogen demand would require a significant increase in the shipping fleet, with up to 411 new hydrogen vessels needed for long-distance transportation. This development highlights the pivotal role of the shipping industry in advancing the green hydrogen economy and underscores the necessity for coordinated actions to realize a sustainable future.
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