Steel giant ArcelorMittal has said it cannot operate its European plants using green hydrogen, despite being granted billions of euros of EU subsidies to install equipment to do so, because the resulting green steel would be unable to compete on international markets. Instead, the Luxembourg-based steelmaker appears to be intending to use fossil gas instead of H2 indefinitely in its proposed “green...
Hydrogen Subsidies
Chile plans to begin a competitive process within a month to award $50 million in subsidies for green-hydrogen projects as the biggest copper-producing nation strives to become carbon neutral. The Energy and Mining Ministry has identified about 40 projects in industries including mining and infrastructure and has received considerable interest from local and overseas groups, said Energy...
German energy company Uniper has admitted its flagship green hydrogen project in the Netherlands, H2Maasvlakte in the Port of Rotterdam, will be delayed despite recently being on course to take a final investment decision (FID). With a front-end engineering and design (FEED) study near completion and EU subsidies awarded, the project appeared to be on track for the first 100MW phase to be commissioned...
The Japanese government has revealed a multi-trillion-yen plan to develop a “Made In Japan” regional aircraft powered by next generation technology such as hydrogen. The government plans to partner up with the private sector to jointly invest ¥5trn ($33bn) over ten years to make a narrow-bodied aircraft that can hit the skies by 2035 — and all technology options are on the table, officials told...
When it comes to their hydrogen strategies, the EU and China adopt significantly different approaches.For starters, China lacks industrial decarbonization targets compared to the EU. It has a carbon neutrality objective for 2060 ( compared to 2050 for the EU) and a completely different position in the future green hydrogen market. Europe is technologically a bit more advanced, despite a higher cost in...
The Republican-dominated legislature in the US state of Oklahoma — which continues to legislate against climate-mitigation measures — is set to introduce a new subsidy for hydrogen producers and users in the state. Senate Bill 1428 is offering an “investment rebate payment” equal to 6.25% of the capital expenditure (capex) of a hydrogen project, providing that total capex is more than $800m, and...
South Korea wants to be a world leader in hydrogen vehicles, with a goal of 300,000 units on its roads by 2030, up from 34,260 today. But sales of hydrogen-powered cars plummeted to a new low in January, with only two units sold across the country, according to the Ministry of Trade, Industry and Energy — a 99.4% fall compared to the same month in 2023 — despite the widespread availability of...
Exxon should be eligible for IRA incentives for a low-carbon hydrogen project expected to be the largest in the world. If it isn't, the company will probably scrap it, chief executive Darren Woods told Bloomberg.The current IRA distribution eligibility criteria single out only green hydrogen as eligible for federal financial support. Exxon's project will produce so-called blue hydrogen, which is...
Japanese oil & gas firms Eneos and Idemitsu Kosan have signed a memorandum of understanding with utility Hokkaido Electric Power Company (Hokuden) to develop a green hydrogen project with at least 100MW of electrolysis capacity within the country by 2030. This plant, capable of producing 10,000 tonnes of H2 a year, is the largest yet proposed to be built in Japan, which has predominantly focused its...
The US Treasury’s draft guidance for the 45V clean hydrogen production tax credit closed for comment yesterday, with almost 30,000 responses sent in from industry, environmental groups, and private citizens. The sheer volume of comments could potentially increase the time needed to finalise these long-awaited regulations, which will determine the rules by which projects would be eligible for the 2022...