Big Oil Companies Push Hydrogen as Green Alternative, but Obstacles Remain

  • 📰 WSJ
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Big oil companies have long touted hydrogen energy as a way to reduce carbon emissions. Now they are grappling with how to make that a reality.

as a way to reduce carbon emissions. Now they are grappling with how to make that a reality.

BP PLC, Royal Dutch Shell PLC and TotalEnergies SE are all pursuing multimillion-dollar hydrogen projects, often with government support, as theyin a world less reliant on fossil fuels. Hydrogen made using renewable energy can be produced and used without emitting carbon dioxide. Still, experts say there are various hurdles to the light, colorless gas fulfilling its potential. Firstly, most hydrogen today is made from fossil fuels, primarily natural gas. The challenge is to make it using renewable power instead and produce it on an industrial scale, in the hope of bringing down costs. Additionally, hydrogen is explosive, as well as difficult to store and transport.

As of the end of June, there were 244 large-scale green hydrogen projects planned, according to the Hydrogen Council, an industry group, up more than 50% since the end of January. It estimates tens of billions of dollars have already been earmarked for hydrogen projects.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

nikolamotor show em love =)

An absolute pipe dream that’s meant to deflect attention from reducing demand for fuels. Put money into research of solar thermal converters with storage for continuous power generation.

My knight in shining armor cometh to rescue me...

Hydrogen fuel cell vehicle will be the next big thing. Put your money on it

Se inicia ahora sí el fin de los combustibles fósiles!! Hidrógeno parece ser el camino. Ya ToyotaLatino había decidido apostar al hidrogeno! rudolf_hommes JCecheverryCol velascoluisf

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to expect as Big Oil reports second-quarter earningsOil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC. good
Source: CNBC - 🏆 12. / 72 Read more »