More and more automotive companies are turning to hydrogen as an alternative to electric motors.  (Source:©Elnur - stock.adobe.com)
Industry Insight

What is Hydrogen and How Can it Help Us?

The increasingly relevant climate change coupled with the worldwide static increase in energy consumption by industry and private households requires us to rethink. New climate-neutral alternatives are being promoted more and more. One of the biggest hopes in the field of climate neutrality is hydrogen. But what is hydrogen? How can we produce it and where can it help us?

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PROCESS regularly reports on the Chinese chemical and pharmaceutical market with the format 'China Market Insider'. (Source: ©sezerozger - stock.adobe.com)
China Market Insider

How Climate Protection Opens Up New Opportunities for the Chemical Industry in China

Climate protection can open up new markets for the chemical industry in China on a large scale in the coming decade. This also applies to European companies. As the chemical newspaper Zhongguo Huagong Xinxi Zhoukan reports, additional market demand of around 1.4 trillion Chinese yuan (about 222 billion dollars) will arise for several specific specialty chemicals needed for climate change.

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In order to be cost competitive with blue hydrogen in Europe, green hydrogen needs to beat a target of ~2.5 Euros/kg H2. (Source: Aurora Energy Research)
Market Scenario

Green Hydrogen: Electrolyzers still Need Policy Support to become Competitive

Both Germany and Europe have set the goal of becoming greenhouse gas neutral by 2050 at the latest. This means that energy consumption throughout the economy must be switched to carbon-free sources. Hydrogen will play an important role here, especially in activities that are otherwise impossible or difficult to decarbonize - for example, in the steel and chemical industries, aviation, ships or parts of the transportation sector. One of the crucial factors for rapid conversion is the question of how the production costs for green hydrogen can be reduced to a competitive level.

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