Press release
Blue Hydrogen Market will rise due to relatively low cost of natural gas - Apache Corporation, ConocoPhillips, Marathon Oil Corporation, Noble Energy, Inc., Occidental Petroleum Corporation, Statoil ASA
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Blue Hydrogen is a type of hydrogen that is produced by extracting the gas from natural gas. The process of extracting the gas is called methane cracking, and it produces a gas that is 99.999% pure hydrogen. The main advantage of blue hydrogen is that it can be produced without emitting any carbon dioxide, making it a very clean and environmentally friendly fuel.
Key Drivers
The main drivers behind the growth of blue hydrogen are:
The need to decarbonize the hydrogen production process
The abundance of natural gas
The relatively low cost of natural gas
The technical feasibility of using natural gas to produce hydrogen
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Key Trends
One of the most important is the increasing use of blue hydrogen in the transportation sector. This is because blue hydrogen is a cleaner and more efficient fuel than traditional petrol or diesel.
Another key trend in blue hydrogen technology is the increasing use of blue hydrogen in power generation. This is because blue hydrogen is a cleaner and more efficient fuel than natural gas or coal.
Finally, another key trend in blue hydrogen technology is the increasing use of blue hydrogen in the chemical industry.
This is because blue hydrogen is a cleaner and more efficient fuel than traditional fossil fuels. It produces far less emissions than these fuels, and so is better for the environment. Additionally, blue hydrogen is much cheaper to produce than traditional fossil fuels, making it a more cost-effective fuel option for these industries.
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Key Players
Royal Dutch Shell
ExxonMobil
Total SA
Chevron Corporation
BP plc
Eni S.p.A.
Anadarko Petroleum Corporation
Apache Corporation
ConocoPhillips
Marathon Oil Corporation
Noble Energy, Inc.
Occidental Petroleum Corporation
Statoil ASA
GDF Suez
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