Big Oil Bets That Green Hydrogen Is the Future of Energy

Puertollano green hydrogen production plant

The fuel is well suited to the majors’ strengths in project management and their deep pockets. 

After years of dabbling, major oil companies are finally planning the kind of large-scale investments that would make green hydrogen a serious business. 

They’re chasing a very particular vision of a low-carbon future — multibillion dollar developments that generate vast concentrations of renewable electricity and convert it into chemicals or clean fuels that can be shipped around the world to power trucks, ships or even airplanes.

(Source: Bloomberg, June 20-2022)

Russia becomes China's biggest oil supplier
Gazprom's gas exports to Europe via Ukraine unchanged on Monday

Sign up with your email address to receive news and updates.


Leave a Reply