Global hydrogen trade to develop in four phases
Thousands of miles of pipelines and more than 1,100 dedicated ships will be needed by 2050, says McKinsey report
Global trade in low-carbon hydrogen will develop across four distinct phases, ending up with a fully mature traded market by 2050, according to the Global Hydrogen Flows report carried out by consultancy McKinsey for industry group the Hydrogen Council. Trade in pure hydrogen is expected to remain regional and be shipped via a carrier only if there is no local demand—although some trade does develop as costs come down close to 2050. However, hydrogen derivatives—including ammonia for end-use, methanol, synthetic kerosene and direct reduced iron—will increasingly be shipped around the world, given relatively low transport costs. 400mn t/yr – Volume of hydrogen traded by 2050 During th

Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment