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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050.

Clean 429
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Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

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The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

Market 195
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RWE and Westfalen Group forming JV to supply green hydrogen for vehicles; focus on heavy-duty; up to 70 stations

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In Germany, RWE and the Westfalen Group will work together to supply green hydrogen for hydrogen-powered vehicles. Up to 70 hydrogen fuel stations will be in place by 2030, depending on how the market develops. Hydrogen can play a crucial part in significantly reducing carbon emissions in heavy goods transportation.

Hydrogen 545
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Neste and CIM collaborate to supply sustainable aviation fuel to France to support SAF blending obligations

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Neste and CIM, part of NOVEN Group in France, the leading independent French group of companies providing oil storage and supply services, are collaborating to enable the supply of Neste MY Sustainable Aviation Fuel into France. Neste is committed to contribute significantly as we are increasing our global SAF production capacity to 1.5

France 410
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DOE to award up to $32M to reduce methane emissions from oil and gas sector

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The US Department of Energy (DOE) announced up to $32 million in funding ( DE-FOA-0002616 ) toward the research and development of new monitoring, measurement, and mitigation technologies to help detect, quantify, and reduce methane emissions across oil and natural gas producing regions of the United States.

Oil 210
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Neste celebrates opening of €1.6B Singapore expansion; SAF supply chain to Changi Airport

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Integrated SAF supply chain to Singapore Changi Airport. SAF is widely acknowledged as a key element in achieving the aviation industry’s ambitious emission reduction goals. Neste is also supplying SAF to various fuel marketing companies, broadening its availability outside its own airport network.

Singapore 434
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CARB approves 2022 Scoping Plan; aggressive targets for reductions in petroleum use, air pollution and greeenhouse gas emissions

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The California Air Resources Board last week approved the final proposed 2022 Scoping Plan ( earlier post ), a roadmap to reduce demand for petroleum by 94%, cut air pollution by 71%, reduce greenhouse gas emissions 85%, and reach carbon neutrality by 2045.

Pollution 304