Travel Shell, BP & Co. Focus: Hydrogen is becoming increasingly important

05:35  03 august  2021
05:35  03 august  2021 Source:   finanzen.net

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for oil giants in the course of a growing environmental awareness of the alternative "fuel" hydrogen a veritable hype. The gas industry fighting for survival is mainly based on "blue hydrogen", which is produced with gas.

YASUYOSHI CHIBA/AFP/Getty Images © Provided by Finanzen.net Yasuyoshi Chiba / AFP / Getty Images

• Decariation of the Energy System

• Gas Corporates Fighting To Existence

• Also Blue Hydrogen should be used

The EU has written the destination on the flag until 2050 become climate-neutral, ie no greenhouse gases should be expelled more and out of the result. Actually, one should assume that this means that for fossil industries, but the industry still makes hopes.

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EU remains vague

as reported "Correctiv" has achieved the gas industry thanks to intensive lobbying that the EU is only vague of "clean hydrogen" in connection with hydrogen production. For example, the German government mainly put on so-called "green hydrogen" manufactured by renewable energies, but temporarily blue hydrogen should be used.

Green vs. Blue hydrogen

When combustion of hydrogen remain only water or water vapor, so it is potentially a clean fuel. However, since in pure form, however, only extremely rarely occurs in nature, it must be made, which only succeeds without emissions of greenhouse gases when producing water with electricity from renewable energies.

This so-called electrolysis, creating green hydrogen, is yet a very expensive process and therefore not yet massive. In addition, the gas industry argues that not enough electricity from renewable energies is not available to cover the need for green hydrogen. Not enough wind turbines and solar systems are available. Therefore, according to the gas companies, it is necessary to temporarily use blue hydrogen prepared from natural gas, although large amounts of greenhouse gases are generated.

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Corporate Invest billions

like "Gulf Business" reports, gas corporations want to invest billions in the business with blue hydrogen. By 2027, at least 15 corresponding projects should start operating in the United Kingdom, Germany, Norway, the Netherlands, Sweden and New Zealand.

For the gas companies, it is all about survival, they must participate in the next energy generation, or they threaten to be displaced. BP , Sinopec , Equinor ASA and Royal Dutch Shell For example, the companies that set hydrogen as a fuel of the future. You want to retrofit and rebuild existing pipelines and storage tankers to be able to use them for blue hydrogen. Editorial Finanzen.net

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