SITUATION:
Hydrogen producers getting set to capitalize on forthcoming green economy.
Industrial gas production is a “dirty” business but seeks cleaner “green”.
Future use & market size for hydrogen in autos is developing but uncertain.
SIGNIFICANCE:
Will be several years before hydrogen fuel becomes commercially a reality.
Green hydrogen touted by consolidating commercial gas industry producers.
Lower cost of hydrogen fuel production & distribution needed to drive market & usage.
STATS:
Major hydrogen producers booked $2B in Sales in 2019.
Gas market could grow 10X in next 30 years as climate causes concern.
SOURCE:
WSJ – “Industrial Firms Primed for Hydrogen “ 11 11 20 –https://www.wsj.com/articles/the-industrial-giants-that-could-get-a-lift-from-hydrogen-11605009892
THE MAJOR HYDROGEN PRODUCERS:
Linde
Air Liquide
Air Products
Royal Dutch Shell
HYDROGEN FUEL CELLS: [For Electric Vehicles]
Hydrogenics (Cummins & Air Liquide own 80%; Canadian company)
Cummins (2,000 fuel cells already in use)
COMPANY & COUNTRY TO BE AWARE OF:
Neom – Green Hydrogen Facility to be built in Saudi Arabia.
Contact: Joseph Bradley, Head of Technology and Digital at Noem
