Author: Arnes Biogradlija

Green Hydrogen H2 News

Investors have supported Poseidon Marine H2’s capital round, enabling the company to commission a finite element analysis of its designs, bringing them one step closer to launching a hydrogen-powered boat by the third quarter of 2023. An independent company’s testing will provide Poseidon Marine H2 with a proof-of-concept for their technology, which will allow boats to operate on several fuels, including diesel and hydrogen.By the end of August 2022, the company will have provisionally patented their technology and will have initiated the certification process with insurers. Following this, they will be able to create licensing deals with large manufacturers and…

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Green Hydrogen H2 News

SSAB, LKAB, and Vattenfall are inaugurating HYBRIT’s pilot facility in Svartöberget, Luleå, Sweden for the storage of fossil-free hydrogen gas. The storage facility in the rock cavern is the first of its sort in the world. The ceremony marks the beginning of the two-year test period, which will last until 2024. The HYBRIT program was started in 2016 by SSAB, LKAB, and Vattenfall, the three owners. The hydrogen storage facility will play a crucial role in the full value chain for the manufacture of fossil-free iron and steel. Producing fossil-free hydrogen gas when there is an abundance of energy, such…

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Green Hydrogen H2 News

The potential demand for low-carbon (green or blue) hydrogen from the worldwide refining industry might reach 50 million metric tons per year by 2050, according to Wood Mackenzie. In 2020, the oil refining industry will be one of the main markets for hydrogen, accounting for around 32 million tpy, or 30 to 35 percent of worldwide hydrogen consumption. Hydrotreating and hydrocracking are the most important refinery operations, requiring more than 90 percent of hydrogen in the refining business, and are used to remove sulfur from final products and enhance the yield of transport fuels, respectively. Nonetheless, more than 65 percent…

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