Charting the Course for Low-Carbon Hydrogen Trade

By 2050, the cost of producing low-carbon hydrogen is expected to be five times higher in the most expensive regions than the least expensive regions, according to the Hydrogen Council. This significant cost gap will require certain countries to import cheaper, low-carbon hydrogen to satisfy their demand, leading to established low-carbon hydrogen trade routes. In the near-term, demand will focus heavily on meeting mandated low-carbon hydrogen targets and ensuring subsidy support. Offtakers will be focused on ensuring projects meet the specifications of their domestic market.