Ammonia production presents an early market for low-carbon hydrogen
Low-carbon hydrogen requires $600bn investment by 2050 – Wood Mackenzie
Global demand for low-carbon hydrogen expected to rise to 223mn t/yr by 2050, initially driven by use in ammonia production
Low-carbon hydrogen production will require at least $600bn in investment by 2050, according to research firm Wood Mackenzie. Global demand for low-carbon hydrogen is currently under 1mn t/yr, but is expected to rise to 223mn t/yr by 2050. “Substantial investments are required to accommodate the anticipated growth for the global low-carbon hydrogen market up to 2050,” says Flor Lucia De la Cruz, senior research analyst at Wood Mackenzie. “Developers will need to invest at least $600bn by 2050, and consumers will be required to commit to offtake hydrogen not yet contracted. The opportunity is huge.” 223mn t/yr – Global demand for hydrogen by 2050 The pipeline for low-carbon hydrogen p
Also in this section
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
11 March 2025
A reassessment of clean hydrogen’s growth trajectory is underway, but the energy vector’s long-term potential to decarbonise remains intact
10 March 2025
Collaboration has become crucial to success as projects turn out to be more complex and expensive than previously thought, industry figures tell Dubai conference
