Comparing 20 vendors in Blue Hydrogen across 0 criteria.
Access Research
POWERED BY MARKETSANDMARKETS
May 29, 2023
360 Quadrants produces a list of “Top 20 Blue Hydrogen Producers, Worldwide 2023”, in partnership with MarketsandMarkets. The report recognizes the standouts in the Blue Hydrogen market ranging from mid-sized enterprises to Fortune 500 companies existing in the market. The Blue Hydrogen producer evaluation was conducted on over 70 companies of which the top 20 companies were categorized and recognized as the new economic quadrant leaders.
Key Highlights included in 360 Quadrants:
- The Blue Hydrogen market is expected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% from 2022 to 2030. This growth of the market is majorly driven by the rising demand for long-term power storage.
- The Blue Hydrogen market is expected to witness growth majorly in Europe and North America. This growth can be seen due to the increasing usage of hydrogen gas in fertilizer and chemical industries.
- Europe was the second-largest market for Blue Hydrogen in 2022. EU region has a target of reducing 40% of greenhouse gas emissions by 2030 which is an important driving factor for Blue Hydrogen in Europe.
- The key producers of Blue Hydrogen across the globe include Shell, Air Products, Air Liquide, Linde, Dastur Energy, Equinor, and BP. These companies have strong and established product portfolios and very strong market presence.
- The key companies in the market are using strategies like partnerships, collaborations, acquisitions, and contracts to strengthen their global presence and offerings. For instance, Shell has entered into an agreement with Uniper to produce Blue Hydrogen at Uniper’s Killinghome power station site. With this agreement, both companies will work together to decarbonize industry, power, and transport. While Dastur Energy partnered with IOCL and has completed the carbon capture and utilization (CCUS) project at the 13.7 mtpa Koyali refinery, in India.
- Key market players are also focusing on new product launches and expansions. In August 2022, Linde inaugurated a hydrogen refueling system for passenger trains located in Germany. In June 2022, Johnson Matthey launched CLEANSPACE technology.
The Blue Hydrogen market has experienced several key trends recently. Here are the key trends:
Growing demand: There has been an increasing demand for hydrogen as a clean energy source, driven by the need to decarbonize various sectors such as transportation, industry, and power generation.
Government support: Many governments worldwide are implementing policies and initiatives to support the development and adoption of blue hydrogen. This includes financial incentives, regulatory frameworks, and funding for research and development, aiming to accelerate the transition to a low-carbon economy.
Partnerships and investments: Collaboration between energy companies, industrial players, and governments has been crucial for the growth of the blue hydrogen market. Strategic partnerships and investments in blue hydrogen projects have been on the rise, enabling the development of large-scale production facilities and infrastructure.
Advancements in carbon capture and storage: The effectiveness and scalability of carbon capture and storage technologies are essential for the success of blue hydrogen. Ongoing research and development efforts have focused on improving efficiency and reducing the costs associated with capturing and storing carbon emissions.
Scaling up production: Significant efforts are being made to scale up blue hydrogen production capacity. This involves the construction of new facilities and retrofitting existing ones to enable large-scale hydrogen production with carbon capture. Increased production capacity will drive down costs and enhance the competitiveness of blue hydrogen.
International trade and market integration: The global nature of the blue hydrogen market has led to discussions and initiatives for international trade and market integration. Countries with favorable renewable energy resources but limited fossil fuel reserves are exploring the import of blue hydrogen to meet their clean energy goals.
Environmental concerns and sustainability: While blue hydrogen has lower carbon emissions compared to conventional hydrogen production, concerns regarding methane leaks during natural gas extraction and the overall lifecycle emissions are being addressed. Ensuring the sustainability of blue hydrogen and minimizing environmental impact are key focus areas.
Overall, the blue hydrogen market is witnessing growing demand, government support, partnerships, technological advancements, and efforts to scale up production. These trends are driving the development and adoption of blue hydrogen as a cleaner energy source in the global transition towards a low-carbon economy.
The Full List
The Full List
| Logo | Company | Headquarters | Year Founded | Holding Type |
|---|---|---|---|---|
 |
Air Liquide | Paris, France | 1902 | Public |
 |
Air Products | Allentown, USA | 1940 | Public |
 |
Aker Solutions | Fornebu, Norway | 1841 | Public |
 |
BP | London, UK | 1909 | Public |
 |
Dastur Energy | Austin, USA | 1955 | Private |
 |
ENGIE | Paris, France | 2008 | Private |
 |
Eni | Rome, Italy | 1953 | Public |
 |
Equinor | Stavanger, Norway | 1972 | Public |
 |
ExxonMobil | Irving, USA | 1999 | Public |
 |
HyGear | Arnhem, The Netherlands | 2002 | Private |
 |
INEOS | London, UK | 1998 | Private |
 |
Johnson Matthey | London, UK | 1817 | Public |
 |
Linde | Dublin, Ireland | 1879 | Public |
 |
Petrofac | London, UK | 1981 | Public |
 |
ROSATOM | Moscow, Russia | 2007 | Public |
 |
Shell | London, UK | 1907 | Public |
 |
Technip Energies | Nanterre, France | 2021 | Public |
 |
Thyssenkrupp AG | Essen, Germany | 1999 | Public |
 |
Topsoe | Lyngby, Denmark | 1940 | Public |
 |
Uniper | Dusseldorf, Germany | 2016 | Public |
Frequently Asked Questions (FAQs)
Blue hydrogen is a term used to describe hydrogen gas produced through a process called steam methane reforming (SMR) or autothermal reforming (ATR), where natural gas is the primary feedstock. The process involves reacting natural gas with high-temperature steam, resulting in the production of hydrogen gas and carbon dioxide (CO2) as a byproduct.
The term "blue" is used to indicate that the CO2 emissions generated during the production of hydrogen are captured and stored or utilized through carbon capture and storage (CCS) technologies. By capturing and sequestering the CO2 emissions, blue hydrogen aims to reduce its overall carbon footprint compared to traditional hydrogen production methods, which release CO2 directly into the atmosphere.
Carbon capture and storage (CCS) plays a crucial role in blue hydrogen production by mitigating the carbon emissions associated with the process. When producing blue hydrogen through steam methane reforming (SMR) or autothermal reforming (ATR), carbon dioxide (CO2) is produced as a byproduct. CCS technology involves capturing the CO2 emissions generated during hydrogen production and then storing or utilizing them to prevent their release into the atmosphere. In the context of blue hydrogen, CCS is employed to capture the CO2 emissions from the reforming process.
The captured CO2 can be transported to suitable storage sites, such as underground geological formations, where it can be securely stored for long periods. This prevents the CO2 from contributing to climate change by being released into the atmosphere. Alternatively, the captured CO2 can be utilized for other purposes, such as enhanced oil recovery (EOR). In EOR, the captured CO2 is injected into oil reservoirs, which helps to increase oil production while simultaneously storing the CO2 underground.
By integrating CCS into blue hydrogen production, the aim is to significantly reduce the carbon footprint associated with hydrogen generation, making it a lower-emission alternative to conventional hydrogen production methods. CCS allows for the continued use of natural gas as a feedstock for hydrogen production while mitigating its environmental impact by preventing CO2 emissions from entering the atmosphere.
Blue hydrogen offers several potential environmental benefits:
Reduced carbon emissions: By capturing and storing or utilizing the carbon dioxide (CO2) emissions produced during blue hydrogen production, this method significantly reduces greenhouse gas emissions compared to traditional hydrogen production methods. It helps to mitigate climate change and contributes to global efforts to reduce carbon footprints.
Transition to a low-carbon economy: Blue hydrogen can serve as a transitional solution on the path towards a more sustainable and decarbonized energy system. It allows for the utilization of existing natural gas infrastructure while reducing carbon emissions, making it a stepping stone towards a future hydrogen economy based on renewable sources.
Cleaner air quality: Blue hydrogen production reduces the release of pollutants associated with traditional fossil fuel use. By utilizing natural gas in a more controlled and efficient manner, the emissions of particulate matter, sulfur dioxide (SO2), nitrogen oxides (NOx), and other harmful pollutants can be significantly reduced, improving local air quality.
Potential for carbon-neutral or carbon-negative hydrogen: When coupled with carbon capture and storage (CCS) technology, blue hydrogen has the potential to achieve carbon neutrality or even carbon negativity. By capturing and permanently storing more CO2 than is produced during hydrogen production, blue hydrogen can contribute to the removal of CO2 from the atmosphere.
Utilization of existing infrastructure: Blue hydrogen can leverage existing natural gas infrastructure, including pipelines and storage facilities. This advantage allows for a more rapid deployment and integration of hydrogen into existing energy systems, potentially accelerating the transition to a hydrogen-based economy.
Scaling up blue hydrogen production faces several challenges:
Carbon capture and storage (CCS) infrastructure: CCS infrastructure is necessary to capture and store or utilize the carbon dioxide (CO2) emissions produced during blue hydrogen production. However, the development and deployment of CCS infrastructure on a large scale is a significant challenge. It requires substantial investments, suitable storage sites, and the development of transportation networks for CO2.
Cost implications: Blue hydrogen production involves additional costs compared to conventional hydrogen production methods. The implementation of CCS technologies adds expenses, including the capture, transportation, and storage of CO2. These additional costs can make blue hydrogen less economically competitive compared to other energy sources, especially in the absence of supportive policies or carbon pricing mechanisms.
Natural gas dependency: Blue hydrogen production relies on natural gas as the primary feedstock. This creates a dependency on fossil fuel resources, which may not align with long-term sustainability and decarbonization goals. While blue hydrogen can be a transitional solution, the goal is to eventually shift to renewable hydrogen sources like green hydrogen produced from renewable electricity.
Energy efficiency: The process of converting natural gas into hydrogen through steam methane reforming (SMR) or autothermal reforming (ATR) involves energy-intensive steps. Enhancing the energy efficiency of these processes is crucial to minimize energy waste and improve the overall sustainability of blue hydrogen production.
Scale and infrastructure requirements: Scaling up blue hydrogen production would require significant investments in new production facilities, infrastructure for CO2 transport and storage, and retrofitting existing infrastructure. The construction and expansion of such infrastructure may face logistical and regulatory challenges, including securing permits, ensuring safe transportation, and addressing public acceptance concerns.
Environmental concerns: Although blue hydrogen production aims to reduce carbon emissions, concerns exist regarding potential leaks of CO2 during capture, transport, or storage, which could undermine its environmental benefits. Ensuring rigorous monitoring, proper site selection, and secure storage are crucial for minimizing such risks.
Energy and Power Generation: Blue hydrogen can play a vital role in decarbonizing the energy and power generation sectors. It can be used as a clean fuel in gas turbines and fuel cells to produce electricity, providing a low-carbon alternative to traditional fossil fuel-based power generation. Blue hydrogen can help to reduce carbon emissions and enhance the sustainability of the energy sector.
Transportation: The transportation sector, including heavy-duty vehicles, shipping, and aviation, can benefit from blue hydrogen as a clean energy source. Hydrogen fuel cells can power vehicles, offering zero-emission transportation options. Blue hydrogen can serve as a transitional fuel until green hydrogen becomes more widely available, helping to reduce carbon emissions from transportation and improve air quality.
Industrial Processes: Blue hydrogen can be used as a feedstock in various industrial processes. Industries such as petrochemicals, refineries, ammonia production, and steel manufacturing often require hydrogen for their operations. By using blue hydrogen instead of hydrogen produced from fossil fuels without CCS, these industries can significantly reduce their carbon footprint and contribute to sustainable industrial practices.
Residential Applications: Blue hydrogen can be used for heating purposes in residential, commercial, and industrial buildings. It can replace natural gas as a cleaner alternative, providing heating and hot water while reducing carbon emissions. This application can help to decarbonize the heating sector and contribute to achieving climate targets.
Energy Storage: Hydrogen produced through blue hydrogen processes can be used as an energy storage medium. Excess renewable energy can be used to produce hydrogen, which can be stored and later converted back into electricity or used for various applications when needed. Blue hydrogen storage offers a way to balance intermittent renewable energy generation and enhance grid flexibility.
The Blue Hydrogen is projected to be valued at USD 44.5 billion by 2030, at a CAGR of 11.9% during the forecast of 2022-2030. In terms of growth potential, blue hydrogen can play a significant role in the early stages of the hydrogen economy, bridging the gap between fossil fuels and renewable hydrogen. It can leverage existing natural gas infrastructure, which facilitates faster deployment compared to developing entirely new infrastructure for green hydrogen. As CCS technologies mature and become more cost-effective, the growth potential for blue hydrogen may increase further.
The primary source of natural gas used in blue hydrogen production is conventional natural gas reserves. These reserves consist of naturally occurring deposits of methane, which is the main component of natural gas. Conventional natural gas reserves are typically found in underground geological formations, such as reservoirs or porous rock formations.
Exploration and production activities are carried out to extract natural gas from these reserves. Once extracted, the natural gas undergoes processing to remove impurities and contaminants before being used as a feedstock in blue hydrogen production processes like steam methane reforming (SMR) or autothermal reforming (ATR).
Carbon capture technologies used in blue hydrogen production typically include the following methods:
Post-combustion capture: This method involves capturing carbon dioxide (CO2) from the flue gas emitted during the hydrogen production process. The flue gas is treated with a solvent or absorbent material, such as amines, which selectively capture the CO2. After the CO2 is captured, it is separated from the solvent and compressed for transport and storage.
Pre-combustion capture: In this approach, carbon capture occurs prior to the hydrogen production process. The natural gas feedstock is first converted into a synthesis gas (syngas), which consists of hydrogen and carbon monoxide (CO), through steam reforming or partial oxidation. The CO is then reacted with steam to produce additional hydrogen and CO2. The CO2 can be captured before the hydrogen is separated and utilized.
Oxyfuel combustion: This method involves burning natural gas in a pure oxygen environment instead of air. By using oxygen, the resulting flue gas predominantly consists of CO2 and water vapor. The CO2 can be captured from the flue gas stream using similar post-combustion capture methods as mentioned earlier.
Chemical looping combustion: This technology involves using a metal-based material as a carrier for the combustion process. Natural gas is reacted with a metal oxide, producing hydrogen and metal oxide reduced to metal. The metal is then oxidized with air, and the cycle continues. The CO2 is captured during the oxidation step.
Hydrogen storage and transportation play crucial roles in the blue hydrogen value chain by enabling the distribution, utilization, and deployment of hydrogen as an energy carrier.
Storage: Hydrogen storage is essential to bridge the gap between hydrogen production and demand. Since hydrogen is a low-density gas, it often needs to be stored in a compressed or liquefied form to achieve sufficient energy density and facilitate transportation.
Transportation: Hydrogen transportation ensures the delivery of hydrogen from production sites to end-use locations. It involves the movement of hydrogen over short or long distances, often requiring dedicated infrastructure and specialized transportation methods.
Distribution network: Building a robust distribution network for blue hydrogen is a vital component of the value chain. This involves the development of infrastructure, such as hydrogen refuelling stations for transportation applications or dedicated pipelines for industrial use.
There are several international collaborations and initiatives are focused on promoting the development and adoption of blue hydrogen. Few are mentioned below:
Hydrogen Council: The Hydrogen Council is a global initiative composed of leading companies from various industries committed to advancing the hydrogen economy. It includes major energy companies, automakers, and industrial manufacturers.
Mission Innovation Hydrogen Challenge: Mission Innovation is a global initiative that brings together countries and private sector partners to accelerate clean energy innovation. The Hydrogen Challenge, launched under Mission Innovation, aims to advance hydrogen technologies, including blue hydrogen, by promoting research, development, and demonstration projects.
European Clean Hydrogen Alliance: The European Clean Hydrogen Alliance is an initiative of the European Commission to support the development and deployment of hydrogen technologies in Europe. It brings together industry stakeholders, national governments, and research institutions to promote cooperation and investment in hydrogen projects, including blue hydrogen.
Clean Energy Ministerial (CEM) Hydrogen Initiative: The CEM Hydrogen Initiative is a global collaboration of countries and organizations committed to advancing the use of hydrogen as a clean energy source. It focuses on promoting policy cooperation, sharing best practices, and facilitating investment in hydrogen technologies.
These collaborations and initiatives demonstrate the international recognition of the importance of hydrogen, including blue hydrogen, in achieving decarbonization goals.
Research Methodology
Related Markets
If your company is recognised in this Quadrant, Leverage this ranking using our Marketing Kit.
If your company is recognised in this Quadrant, Leverage this ranking using our Marketing Kit.
