European refiners may hold key to scaling green hydrogen
European refiners may hold the key to scaling green hydrogen, according to a new Wood Mackenzie report.
As significant emitters of carbon dioxide, refineries are rarely mentioned in a green or decarbonisation context – but upcoming regulatory changes mean their repositioning provides new opportunities for the beleaguered hydrogen sector to grow.
According to the report, “Isn’t it ironic? How Europe’s oil refiners could offer a route to scale up green hydrogen”, European refiners are set to require ~0.5 million tonnes of green hydrogen annually by 2030 to comply with EU regulations, replacing about 30% of current CO2-emitting hydrogen production.
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