T. CAMPBELL, Managing Editor
The 1.5°C scenario will require several technological advances and the abatement of billions of tons of carbon dioxide (CO2). Hydrogen (H2) and its derivatives will likely play a significant role; however, many processes can potentially contribute to the net-zero emissions targets. One such process is carbon capture and storage (CCS). According to the International Renewable Energy Agency, six technological avenues of an energy transition are compatible with meeting the 1.5°C Paris climate goal.1 Of the six technological avenues, CCS is directly involved in two of them.
Due to the importance of the large-scale deployment of CO2 capture, Gulf Energy Information will host the 2nd Carbon Intel Forum on May 23-24 in Houston, Texas, featuring information from the largest and most innovative players in global carbon capture, utilization and storage (CCUS).
The two-day forum will host several speakers from operating companies and highlight technical presentations featuring applied technologies. In addition, GEI will host a series of panel discussions covering industry collaboration and how various industry sectors (e.g., steel, cement and power) are utilizing CCUS to reach their net-zero targets. CCUS plays a crucial role in converting gray H2 into blue H2, and Section 45Q of the U.S. Internal Revenue Code enables further innovation with a carbon tax credit.
H2 equipment and services. With the massive increase in H2 facility projects announced, robust equipment and services are urgently needed to ensure the safety and reliability of H2 production, transport, storage and distribution. Technologies like fiber optic sensors to detect H2 leaks at storage facilities and tools for critical measurements of green H2 are beginning to be prioritized by equipment manufacturers.
With the commercialization of refueling infrastructure, H2 combustion engines appear to be gaining traction. According to Future Market Insights’ “Hydrogen Combustion Engine Market Outlook,” the global H2 combustion engines market is projected to reach a compound annual growth rate of 9.78% over the next 10 yr, rising from $18.22 B in 2023 to $46.32 B by 2033 (FIG. 1).2 H2T
1 International Renewable Energy Agency, “World energy transitions outlook,” 2022, online: file:///C:/Users/Tyler.Campbell/Desktop/Reports/IRENA_World_Energy_Transitions_Outlook_2022.pdf
2 Future Market Insights, “Hydrogen combustion engine market outlook,” December 2022, online: https://www.futuremarketinsights.com/reports/hydrogen-combustion-engine-market