What could drive blue hydrogen development

Asia Pacific accounts for the second largest share in the total carbon capture market.

Deployment of carbon capture projects will serve as a “key catalyst” for the development of blue hydrogen, particularly for markets that have sufficient natural gas reserves and expertise.

In a report, Fitch Solution said that implementing carbon pricing schemes will improve the economic viability of carbon capture projects, supporting the development of blue hydrogen.

Globally, the Asia Pacific region is the second leading in the carbon capture market, accounting for 14.6% of the total share.

It is behind North America which holds the lion's share of 59.6% of the total carbon capture market as of November 2022.

The US and Canada hold the majority of expertise in carbon capture projects, whilst Europe is expected to see the largest growth in carbon capture capacity supported by the announced large cluster projects financed by consortia of oil and gas, power and manufacturing firms.

Follow the link for more news on

Fitch Solutions

Also Read

What is the future of gas in Australia's energy market?

Vietnam’s weak grid a barrier to direct power purchase policy

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit