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Guidehouse Insights Anticipates Ammonia Production, Fuel Refining, and Steelmaking to Lead Hydrogen Cluster Development

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Update time : 2022-04-01 17:21:39

BOULDER, Colo., March 31, 2022 /PRNewswire/ -- A new report from Guidehouse Insights reviews global hydrogen cluster development, concentrating on low carbon hydrogen consumption growth across key industrial applications and providing regionally segmented projections for industrial hydrogen consumption through 2031.

Industrial clusters are attracting growing attention for their role in the scale-up of hydrogen technologies. Concentrations of carbon-intensive industrial facilities benefit from large demand potential and access to well-developed infrastructure. Decarbonizing these applications requires substitution with low carbon hydrogen produced using renewable electricity or from fossil fuels with carbon capture and sequestration. According to a new report from Guidehouse Insights, the ammonia industry is expected to drive emerging demand for low carbon hydrogen in the industrial sector, followed by fuel refining, and steelmaking.

"An increasing number of national hydrogen strategies and roadmaps prioritize industrial clusters for low carbon hydrogen uptake," says Jacques Moss, research analyst with Guidehouse Insights. "A pipeline of cluster projects has also begun to emerge in key global markets at various stages of implementation."

The report anticipates three main drivers for low carbon hydrogen consumption growth over the forecast period: policy incentives aimed at industrial decarbonization, falling low carbon hydrogen production costs, and rising carbon prices in major markets. Replacing existing grey hydrogen supplies with low carbon hydrogen is anticipated to account for the majority of demand alongside new projects that are intended to supply green ammonia to international markets, according to the report.

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