Oil and gas majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The majors are focused on getting small-scale projects operational before 2030 to pave the way for industrial scale-up next decade.
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In Wood Mackenzie's base case, global low-carbon hydrogen production grows from 1 Mtpa in 2023 to 200 Mtpa by 2050, as outlined in its Energy Transition Outlook published in September of this...
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