Posted on 15 Feb 2022
Green hydrogen projects account for around 87% of the global low-carbon project pipeline announced up until the end of 2021, GlobalData said on Monday.
The analytics company estimates the pipeline for announced projects stood at over 42 million tonnes per year, of which roughly 38m t/y will be green hydrogen. This should translate into almost 300 gigawatts of electrolyser capacity, slated for the Former Soviet Union, Europe and Oceania, GlobalData says.
Around 38m t/y of that proposed capacity is in the feasibility evaluation stage, with only 5m t/y capacity past the feasibility phase.
“This year is crucial for the sector as the first large-scale projects look to reach the final investment decision (FID) stage and start construction,” comments energy transition analyst Barbara Monterrubio. “This is the case with the 2 GW Saudi Neom green hydrogen project in Saudi Arabia, which has recently started engineering and procurement works, and is looking to start construction this year for completion in 2026.”
The analyst notes that in the fourth quarter of 2021 alone, 33 countries announced new low carbon hydrogen plants, with projects in Australia, Chile and the US adding 3m t/y capacity to the global pipeline. GlobalData identifies Australia as the leader in the upcoming capacity with over 8m t/y across 90 different green hydrogen hubs and projects in the country. These will be mostly exported in the form of green ammonia to Japan, South Korea and China, Kallanish notes.
Globally, blue hydrogen accounts for 12% of the project pipeline, with North America and the Middle East leading capacity thanks to low natural gas costs. Less than 0.5% of the projected capacity will come from purple and turquoise hydrogen. The former is generated through electrolysis powered by nuclear energy and is also referred to as pink or red hydrogen. The latter is made using methane pyrolysis, which produces hydrogen and solid carbon.
Source:Kallanish
