Advances in shipping mean that liquid hydrogen will become the preferred form of the energy source, trumping hydrogen converted from ammonia, according to Jason Crusan, vice president of new energy solutions at Woodside.
Instead, rather than converting the fuel to ammonia, it appears likely that liquid hydrogen, will be the “first mover” thanks to demand from customers, he said, explaining that Korea and Japan have built prototype vessels to transport the fuel.“It really comes down to what is the end use case they want to use it for,” he added. “If you’re going take the ammonia and burn it as ammonia, that’s great. If you take the ammonia and then crack it back into hydrogen...
Mr Coleman, who is also the chairman of $6.8 billion lithium miner Allkem, said on Monday that while there were plenty ofit was difficult to find buyers of hydrogen willing to sign long-term contracts because they were worried about the costs of switching to hydrogen. “I’m hopefully going to get five deals through my board in the next five weeks,” he said, citing potential agreements in the US, Norway, Brazil, Kenya and Australia. “Our belief is the buyers are there ... this market will develop once the product is available.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »
La source: FinancialReview - 🏆 2. / 90 Lire la suite »