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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

Hydrogen 473
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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad.

Green 284
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Maersk secures green e-methanol for the world’s first container vessel operating on carbon-neutral fuel; new plant in Denmark

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Maersk has identified its partners to produce green fuel for its first vessel to operate on carbon-neutral methanol ( earlier post ): REintegrate , a subsidiary of the Danish renewable energy company European Energy. The energy needed for the power-to-methanol production will be provided by a solar farm in Kassø, Southern Denmark.

Denmark 243
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Haldor Topsoe joins ambitious hydrogen and sustainable fuel project in Denmark

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Haldor Topsoe has joined a hydrogen and sustainable fuel project based on electrolysis in the Greater Copenhagen Area. The partnership consists of leading Danish companies covering the whole value chain for the production, distribution, and consumption of renewable hydrogen and sustainable fuels. —Roeland Baan, Topsoe’s CEO.

Denmark 249
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Denmark, Norway, and US to lead Zero-Emission Shipping Mission

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The governments of Denmark, Norway, and the United States, along with the Global Maritime Forum and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, will lead a new Zero-Emission Shipping Mission as part of Mission Innovation.

Denmark 342
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Air Liquide inaugurates HyBalance pilot site in Denmark for production of carbon-free hydrogen

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In Denmark, Air Liquide inaugurated HyBalance, a pilot site for the production of carbon-free hydrogen. The facility uses electrolysis technology to balance the electricity grid and to store surplus electricity in the form of hydrogen that will be used in industry and transportation. The HyBalance project.

Denmark 218
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SunGas Renewables to build $2B green methanol production facility in Louisiana

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announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. Green methanol produced by BLRE is expected to be used to fuel A.P. The BLRE project is SunGas Renewable’s first facility to produce green methanol for Maersk.

Louisiana 284