Asia-Pacific

Although H₂ generation through electrolysis is well established, the financial viability of producing green H₂ is the global target. H₂ production cost primarily depends on the efficiency of electrolyzers and the cost of power consumed in the H₂ generation process.

Some countries have begun working on frameworks to rival that of the IRA, while others struggle to make concrete plans. A common trend among various countries is the integration of H₂ into their energy mixes. The energy transition is underway, but what specifics are nations planning to achieve in the coming years?

Keppel Corporation is intensifying its efforts to produce and use of green H₂ and ammonia as low-carbon energy sources through joining a consortium to develop a large-scale green H₂ project in Australia and the signing of a MoU with Incitec Pivot.

Saudi Arabian Mining Company (Ma’aden), announces that it has exported its first shipments of low-carbon blue ammonia to China, in a significant milestone for the company’s journey as a green leader, as it helps key markets across the globe to reduce carbon emissions from supply chains.

The portable fuel cells market is relatively niche and is experiencing utmost and rapid growth, owing to the growing demand for compact, portable and rechargeable fuel cell systems for various applications.

Western Australia-based renewable energy company Infinite Green Energy to team up with global tech giant Samsung C&T to develop and build Arrowsmith H₂ plant.

Hydrexia entered a MoU with the Green Solutions Group to provide a framework for a comprehensive business partnership between the two companies geared toward promoting H₂ technology user applications in the growing H₂ market in Vietnam.

ABS joined Korean industry leaders in the signing of a memorandum of understanding to produce a feasibility study for a near-shore floating platform of green H₂ production and liquefaction.

Ohmium International announced the closing of a $250-MM Series C growth equity financing. The round was led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise and included participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group.

The Global Center for Maritime Decarbonization and its appointed consultant, DNV Maritime Advisory supported by Surbana Jurong and the Singapore Maritime Academy at the Singapore Polytechnic, have completed an ammonia bunkering safety study that was commissioned in January 2022.