, APAC
Photo from Fitch Solutions.

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.

READ MORE: Southeast Asia faces uphill battle in CCUS deployment without carbon pricing

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

Join Asian Power community
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!

Top News

ACEN bags $150m green loan
The fund will be used for its growth in other markets.
Lending & Credit
JERA establishes RE venture in London
This will support the company’s goal to attain 20 GW of renewables by 2035.
Project

Exclusives

Japanese utility firms into serious business of reselling LNG surplus
Declining local demand for LNG directs Japanese companies to the South and Southeast Asian markets.
Power Utility
India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.