Turning Hydrogen Demand into reality
There are 443 vessels currently transporting ammonia worldwide, but to meet the expected demand of 20 million tonnes of hydrogen of the EU , the fleet will need to increase by up to 300 vessels for the EU 2030 target, and to meet 33 million tonnes of hydrogen the current shipping ammonia fleet would need to more than double and reach up to 500 additional ammonia vessels for Japan and Korea’s demand alone 3 .
Thirty million hydrogen tonnes would represent only 5% of the global demand expected in 2050 and to meet that demand the world would require the equivalent production of the total South and Central America electricity production (if all production comes from renewable sources)
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