According to a recent report by the King Abdullah Petroleum Studies and Research Centre (KAPSARC) in Riyadh, green hydrogen produced in Saudi Arabia using electrolysis might begin shipping to the Port of Rotterdam at rates relatively comparable with European hydrogen in 2030.
According to a recent assessment by the King Abdullah Petroleum Studies and Research Centre (KAPSARC) in Riyadh, green hydrogen produced in Saudi Arabia by electrolysis might begin shipping to the Port of Rotterdam in 2030 at prices that are relatively comparable with European hydrogen. Its competitiveness would depend in part on the manner of transport utilised.
Additionally, the experts predict enormous hydrogen potential in Saudi Arabia’s domestic economy. Hydrogen and hydrogen-based fuels could replace grey hydrogen to make Saudi products more environmentally friendly, hence enhancing their export potential as carbon emissions costs increase globally.
They see enormous potential for both blue (with carbon capture) and green (with renewable energy) hydrogen, as technology and production costs for both types are gradually declining. In anticipation of regional specialization within the country, they call for a balanced approach.
The preliminary research appears encouraging for possible exports of hydrogen. However, it confirms that a carbon price must be enforced in some manner for a market for green hydrogen exports to emerge.
Add EnergyNews.biz as a preferred source on Google
