Low-carbon hydrogen is rapidly emerging as a crucial solution to support a cleaner energy future.
Its greatest potential lies in decarbonizing hard-to-abate sectors, including iron and steel production, chemical manufacturing, and long-haul transport.
With less than 1% of global hydrogen supply currently low-carbon, blue hydrogen serves as a critical transitional solution to scale production and move toward a hydrogen-based economy.
According to IDTechEx’s latest report, “Blue Hydrogen Production and Markets 2026-2036: Technologies, Forecasts, Players”, the global blue hydrogen market is projected to reach US$52 billion by 2036, growing at a CAGR of 22%.
Blue hydrogen is produced from fossil fuels using conventional methods combined with carbon capture, utilization, and storage (CCUS) technologies.
Conventional hydrogen production, also known as grey or black hydrogen, releases CO2 directly into the atmosphere. In contrast, blue hydrogen captures most of the CO2, storing it or utilizing it for industrial use, significantly reducing its carbon footprint.
