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Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in unleashing new energy supply

Marubeni and ExxonMobil have signed a long-term offtake agreement for approximately 250,000 tpy of low-carbon ammonia from ExxonMobil’s facility in Baytown, Texas, which is expected to produce virtually carbon-free H2 with approximately 98% of CO2 removed and low-carbon ammonia.

H2Tech: Global Projects Data

Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking > 1,400 active H2 projects globally. Most projects are in Western Europe, followed by Asia and the U.S. In total, these three regions account for 80% of active H2 projects globally, with Europe accounting for nearly 50% of all H2 projects.

Hyundai announces HTWO Energy Savannah, a dual-energy H2 and electric station

Hyundai announced plans to launch a scalable H2 production and dispensing facility for Class-8 heavy-duty zero-emission vehicles. The station will be located just 10 miles from the Port of Savannah, Georgia.

H2Tech: Global Projects Data

Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking > 1,400 active H2 projects globally. These projects account for > $2 T in capital investments globally.

Policy, project developments and the future of H2

According to Gulf Energy Information’s Global Energy Infrastructure (GEI) database, there are 175 active blue H2 projects around the world, about a third of which are in North America. This is down about 15% from January 2024 when total active blue H2 projects was 207.

H2Tech: Global Projects Data

Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,420 active hydrogen (H2) projects globally. These projects account for > $2 T in capital investments globally.

Global H2 market analysis: The future of the global H2 value chain

As the world engages in an energy transition, low-/zero-carbon H2 is thought of as a gamechanger in helping countries reach their net-zero targets. This has led to a stark rise in investments along the H2 value chain, from renewable energy capacity builds and H2 production to downstream infrastructure and fueling capabilities.

The economic challenge with renewable energy

A nonlinear increase is found in balancing costs as wind/solar penetration rises. The model's prediction of balancing costs at the 70% wind/solar threshold, according to the International Energy Agency's (IEA's) net-zero forecast, results in balancing costs of nearly $1,000/MWh, which are likely to be politically infeasible. 

H2Tech: Global Projects Data

Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,420 active hydrogen (H2) projects globally.

H2Tech: Global Projects Data

Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,420 active H2 projects globally. Nearly half of these projects are in Western Europe.

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