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Weekly Newsletter
21 October 2024
Weekly Newsletter
21 October 2024
Europe Hydrogen Market Overview
The EU aims to become the first climate-neutral continent by 2050, and has announced a bold production target of 10mtpa of low-carbon hydrogen capacity by 2030 and also plans to import a further 10mtpa in the same year, which would make it a major demand centre in the context of the global hydrogen market. Transportation, industrial, and iron & steel are the most commonly listed end-use sectors in the region. Despite hydrogen light vehicle’s struggle to gain traction, transportation is the dominant end-use sector in Europe and globally due to the potential for decarbonizing heavy transport.
Europe Hydrogen Market Overview
The EU aims to become the first climate-neutral continent by 2050, and has announced a bold production target of 10mtpa of low-carbon hydrogen capacity by 2030 and also plans to import a further 10mtpa in the same year, which would make it a major demand centre in the context of the global hydrogen market. Transportation, industrial, and iron & steel are the most commonly listed end-use sectors in the region. Despite hydrogen light vehicle’s struggle to gain traction, transportation is the dominant end-use sector in Europe and globally due to the potential for decarbonizing heavy transport.
Europe Hydrogen Market Overview
The EU aims to become the first climate-neutral continent by 2050, and has announced a bold production target of 10mtpa of low-carbon hydrogen capacity by 2030 and also plans to import a further 10mtpa in the same year, which would make it a major demand centre in the context of the global hydrogen market. Transportation, industrial, and iron & steel are the most commonly listed end-use sectors in the region. Despite hydrogen light vehicle’s struggle to gain traction, transportation is the dominant end-use sector in Europe and globally due to the potential for decarbonizing heavy transport.
Europe Hydrogen Market Overview
The EU aims to become the first climate-neutral continent by 2050, and has announced a bold production target of 10mtpa of low-carbon hydrogen capacity by 2030 and also plans to import a further 10mtpa in the same year, which would make it a major demand centre in the context of the global hydrogen market. Transportation, industrial, and iron & steel are the most commonly listed end-use sectors in the region. Despite hydrogen light vehicle’s struggle to gain traction, transportation is the dominant end-use sector in Europe and globally due to the potential for decarbonizing heavy transport.
Europe Hydrogen Market Overview
The EU aims to become the first climate-neutral continent by 2050, and has announced a bold production target of 10mtpa of low-carbon hydrogen capacity by 2030 and also plans to import a further 10mtpa in the same year, which would make it a major demand centre in the context of the global hydrogen market. Transportation, industrial, and iron & steel are the most commonly listed end-use sectors in the region. Despite hydrogen light vehicle’s struggle to gain traction, transportation is the dominant end-use sector in Europe and globally due to the potential for decarbonizing heavy transport.
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