BAKU, Azerbaijan, Dec.29
By Leman Zeynalova – Trend:
Malaysian Petronas possesses ready capability and facilities to produce blue hydrogen, Trend reports with reference to the company.
“This builds upon our experience in petrochemical industry and as a world-renowned reliable LNG supplier. With our renewable portfolio expansion and strong partnerships, Petronas is also poised to be a competitive green hydrogen solutions provider. With ready capabilities and leveraging our proximity advantage to key hydrogen demand centres in Asia, Petronas is poised to grow our presence in the global hydrogen value chain,” said the company.
Petronas notes that with emerging clean energy sources like hydrogen, innovation and collaboration amongst industry players in projects and technology will be crucial towards achieving cost competitiveness and scalability for hydrogen.
“This is all in the pursuit to make hydrogen more affordable as an attractive clean fuel. For Petronas, we are targeting for our domestic hydrogen projects to commence operation from 2024 onwards starting with blue hydrogen and subsequently green hydrogen production, while we continue to expand our supply capacity globally to serve our targeted markets. To create a competitive global hydrogen supply chain, it will require cost reduction along its value chain, particularly in hydrogen production. Additionally, industry players would also need to unlock the challenges to transport hydrogen. While technology advancement would enable this, another key factor in making this happen involves the government’s support through policies and incentives, as well as development of global hydrogen standards,” the company said.
---
Follow the author on Twitter: @Lyaman_Zeyn
