Hydrogen being touted as fossil fuel replacement

PIPELINE TECHNOLOGY JOURNAL | Long common knowledge but shunned because of high production, transportation and storage costs, hydrogen (now usually adjoined with the adjective "green") is being viewed with increasing favor on both sides of the Atlantic.  If plans to use green hydrogen come to fruition, these will have far-reaching implications for the pipeline industry.


One new investment fund, HydrogenOne Capital, is being launched by JJ Traynor, a former Royal Dutch Shell executive, and Richard Hulf, who has worked at Exxon Mobil and been an energy fund manager at Artemis.  The fund will focus on hydrogen this year as more and more governments include the niche fuel in their strategy to mitigate the environmental impact of global warming. The sector is expected to attract hundreds of billions of dollars in investment in the coming decades.  Indeed, analysts at Barclays expect demand for hydrogen to grow eight-fold to 575 million tonnes per year by 2050 in a market worth more than $1 trillion.


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