BAKU, Azerbaijan, June 29
By Leman Zeynalova – Trend:
Growing demand for hydrogen will stimulate investment in carbon dioxide (CO2) capture, use, and storage (CCUS) technologies and related infrastructure, Christof van Agt, Director of Energy Dialogue, International Energy Forum told Trend.
“This will accelerate circular economy solutions creating new product flows within and among industrial clusters. Beyond transportation of the CO2 derived from hydrogen produced from fossil fuels to permanent storage sites, CO2 can be reused to build clean carbon molecules as feedstock for climate neutral petrochemical processing and production of synthetic fuels for internal combustion engines with net-zero CO2 emissions. Finally, hydrogen that is both an energy carrier and a feedstock can store energy from excess renewables and nuclear power and capture residual energy and CO2 from flu-gases as well. Transformed into methanol or ammonia, hydrogen can be transported more cost-efficiently between markets and respond to different demand profiles across sectors,” he said.
Christof van Agt noted that hydrogen plays a pivotal role in successful energy transitions.
“Climate change and affordable access goals cannot be met by relying on renewables, electrification, and efficiency gains alone. Beyond clean electrons, clean molecules are needed as well to decarbonize “hard-to-abate” sectors in industry such as steel, cement and chemicals, light-, and heavy-duty transport, as well as to provide commercial and residential heating in the built environment. Hydrogen also offers a highly efficient coolant that helps to improve power plant efficiencies.”
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