H2Tech Market Data 2024 - 8

and KOMIPO's 1-MMtpy green ammonia plant at
the Narngulu Industrial Estate near Geraldton,
Western Australia
* Allied Green Ammonia's 2,500-tpd green ammonia
project in Gove, Northern Territory. The facility is
scheduled to begin operations in Q4 2028/Q1 2029.
These projects will complement new H2 infrastructure
fueling
highway initiative), blending with natural gas for
under development in the country, including H2
stations (e.g., Lions Energy's H2 plant/fueling station for
heavy-duty vehicles at the Port of Brisbane, the $600-MM
Hume H2
electricity generation and for use to decarbonize domestic
heavy industrial industries (e.g., mining, heavy-duty
transport). The nation is also studying the use of green
methanol as bunker fuel at the Port of Melbourne-the
nation's largest port.
China. In 2022, China unveiled its H2
strategy to 2035.
The country's goals are to increase domestic green H2
production to 100,000 tpy-200,000 tpy by 2025, place
50,000 H2
frame and significantly build out H2
within the country.9
H2 producer; however, most of the nation's H2
is through coal gasification (i.e., gray H2
Currently, China is the world's largest
production
energy and emissions intensive. Also, China's H2
), which is both
production
is not enough to satisfy domestic demand, leading
the nation to significantly increase imports through the
rest of this decade. According to Deloitte, China's H2
imports are forecast to reach 13 MMtpy in 2030.
China has ambitions to increase green H2
production
to reach 35 MMtpy by 2030 and approximately 60 MMtpy
by 2050.10
To reach these ambitious goals, the nation is significantly
increasing capital investments in green H2
projects. The GEI database is tracking more than $150 B in
capital investments in China, with nearly 30 green H2
-fueled vehicles on the road within that timerefueling
centers
production
significantly as the cost of production decreases. The
China Hydrogen Alliance forecasts Chinese H2
FIG. 8. Green H2 projects and plants in operation in China. Source: GEI database and Hydrogen Economist.
production
projects
under development (FIG. 8). These projects, along with
additional natural gas imports, will help China reduce coalfired
power generation, mitigate emissions and increase
green ammonia production. They will also be complemented
by additional H2
refueling stations in major Chinese cities.
infrastructure-such as Sinopec's westto-east
green H2 transmission pipeline from Inner Mongolia
to cities in east China-and several partnerships to develop
H2
India. The government of India has announced plans to
become energy independent by 2047 and achieve net-zero
emissions by 2070. To help achieve these goals, India has
unveiled its National Green Hydrogen Mission. Approved
by the country's cabinet in January 2022, India plans to
8
MARKET DATA 2024
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H2Tech Market Data 2024

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