Funding, weak demand hobble global green-hydrogen projects, BMI report says

Quick Summary:

79 per cent of low-carbon hydrogen projects are stuck in the planning stage as developers struggle with high production costs and low demand.

Prairie Horizon Hydrogen, a TC Energy and Marathon Petroleum joint venture in North Dakota, was cancelled even with a US$2 billion of federal funding, according to BMI.

Some 335 of them were located in North America and western Europe, with the bulk of them targeting green hydrogen.

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Article Details

Author / Journalist: Leopold Chen

Category: Business

Markets: Hong Kong

Topics: Production Hydrogen Costs Demand Projects Firm Financing Green Planning North According

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 07:30:07 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 174 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26055926

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