Stronger incentives needed to drive hydrogen demand – ExxonMobil

Uncertainty over uptake of clean hydrogen in sectors such as trucking and shipping is a risk for investors, US oil major tells World Hydrogen Summit

Governments must deliver stronger policies to incentivise demand for clean hydrogen in sectors such as road transport and shipping, according to US oil major ExxonMobil. Current policies can support the “relatively straightforward” decarbonisation of hydrogen that is already in use in industrial applications, Erik Oswald, vice-president of ExxonMobil Low Carbon Solutions, told the World Hydrogen Summit in Rotterdam. But those existing applications do not represent the new, larger market where suppliers and consumers face greater commercial risk, he says. “As an investor tries to contemplate whether they build one ATR [autothermal reforming facility] or two ATRs or three ATRs, they are lookin