Green
Racing for Hydrogen: How Gas Giants Are Vying to Stay Relevant
- Gas producers seeking to grab a share of $770 billion market
- Carbon capture may help industry meet tighter emissions rules
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The global gas industry is in an existential race: either find a way to be part of the next generation of energy or risk getting supplanted by alternatives.
BP Plc, Sinopec, Equinor ASA and Royal Dutch Shell Plc are among the producers looking to hydrogen to help secure demand that otherwise may falter as decarbonization speeds up. They want to utilize existing pipelines, storage tankers and fuel supply to make blue hydrogen, a process that uses natural gas but captures the carbon emissions and stores them.