Hydrogen seaborne trade could hit 150 mln tonnes by 2050

October 29, 2021

Hydrogen could make up around one-third of global seaborne energy trade by 2050 from zero now as countries consider the fuel source as a way to achieve net-zero carbon emissions, according to forecasts from consultants Wood Mackenzie.

WoodMac sees global demand for hydrogen reaching 530 million tonnes a year by 2050 from less than 1 million tonnes currently, in an accelerated energy transition scenario limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels.

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