Volkswagen is holding its cards close to its chest as several automakers investigate hydrogen as an alternative fuel to power cars in a cleaner world.
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According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.
According to the International Air Transport Association, the global aviation sector may use 15% to 20% of the world’s predicted 600 million tonnes of hydrogen by 2050 for the development of sustainable aviation fuels (SAFs) and to power new aircraft (Iata).
The Undersea hydrogen pipeline between Barcelona and Marseille will cost roughly 2 billion euros.
In response to the growing demand for clean fuel, Air Products and the renewable energy company AES Corp. will invest roughly $4 billion to construct the largest green hydrogen facility in the United States.
The monthly amount of hydrogen leaks is rising along with the number of hydrogen recharging stations.
For the existing and future hydrogen users in Europe, the start of the first €900 million tranche of the H2 Global auction program represents a significant milestone.
On the occasion of Chinese President Xi Jinping’s visit to the country, Chinese and Saudi businesses signed investment agreements for green hydrogen and solar energy.
International energy corporations have expressed a lot of interest in two green-hydrogen concessions that Oman stated will be given early in the next year and could require an investment of up to $10 billion.
In accordance with a memorandum of understanding they signed, BP will look into the possibility of creating a new green hydrogen production facility in Egypt.
