Unleashing the Potential of Clean Hydrogen for Global Decarbonization
Key Ideas
  • The report by the ICS and Biberach University of Applied Sciences identifies the key sectors and locations where hydrogen demand is set to grow, emphasizing its role in decarbonizing hard-to-abate sectors.
  • Europe, South Korea, and Japan are highlighted as the main initial markets to drive hydrogen demand, with Europe targeting 20 million tonnes of hydrogen annually by 2030, half of which is expected to be imported.
  • The report underscores the need for infrastructure development, regulatory support, and power access to facilitate the uptake of hydrogen by new sectors beyond the existing industrial use cases.
  • The maritime industry is positioned as a crucial enabler in the hydrogen economy, playing a vital role in connecting hydrogen surplus regions with high consumption areas through the development of port and transportation infrastructure.
The International Chamber of Shipping (ICS) unveiled a new report at the Malaysia Maritime Week, authored by Professor Stefan Ulreich of Biberach University of Applied Sciences in Germany. The report, 'Turning hydrogen demand into reality: Which sectors come first?', focuses on the transformative potential of clean hydrogen as an energy carrier and feedstock to decarbonize various sectors, particularly those difficult to decarbonize. It emphasizes the unprecedented scale of renewable electricity needed for green hydrogen production to meet future demand, presenting both opportunities and challenges. Guy Platten, the Secretary-General of ICS, stressed the necessity for a fivefold increase in hydrogen-based fuel sources to achieve net-zero by 2050, with industry expected to be a major driver of hydrogen demand. The report identifies three key economies, including South Korea, Japan, and the EU, as initial drivers of hydrogen demand growth, with Europe aiming for 20 million tonnes of hydrogen annually by 2030. The report also addresses the importance of infrastructure, regulations, and power access in expanding hydrogen uptake to new sectors. Professor Ulreich highlights the significance of maritime industry involvement in the hydrogen economy, emphasizing the need for coordinated efforts to develop port and transport infrastructure. The report envisions a substantial increase in the fleet size to meet the global rise in hydrogen transportation, estimating the need for up to 411 new hydrogen vessels for long-distance shipping or up to 500 vessels for ammonia transport to support a 30 million-tonne global hydrogen trade.
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