London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

EU to boost green hydrogen use for decarbonization, focus on energy efficiency

July 10/2020

MOSCOW (MRC) -- The European Commission on Wednesday unveiled a strategy to scale up renewable hydrogen projects across polluting sectors from chemicals to steel and push for clean fuels and energy efficiency to meet the EUs net-zero emissions goal by 2050, reported Reuters.

European industry and refineries already use around 8 million tonnes of hydrogen each year, but most of this is grey hydrogen, a version made from natural gas in a process that produces planet-warming emissions.

The EUs priority is to develop green hydrogen and largely deploy it for sectors hard to decarbonise or where electrification is difficult or impossible from 2030 to 2050. But it recognized the need for a phased, gradual approach where a halfway house of blue hydrogen will play a role.

From 2020 to 2024, hydrogen electrolysers installations of at least 6 gigawatts of renewable would be set up in the EU, with the production of up to one million tonnes of renewable hydrogen.

In the second phase, at least 40 gigawatts of renewable hydrogen electrolysers would be installed and up to ten million tonnes of renewable hydrogen would be produced in the EU, from 2025 to 2030.

Cumulative investments in renewable hydrogen in Europe could reach between 180 billion and 470 billion euros by 2050, and between 3 billion and 18 billion euros for low-carbon fossil-based hydrogen, the blocs executive said.

Next to being an alternative fuel and energy carrier, hydrogen can become an important low-carbon building block for the chemical industrys production processes, said Marco Mensik, director general of of the chemical industry association Cefic.

The EU also said energy efficiency will be a priority, along with a greater use of electricity where possible and promoting clean fuels, including renewable hydrogen and sustainable biofuels and biogas. New classification and certification system for renewable and low-carbon fuels will be introduced.

The strategy did not contain any legislative proposals which the Commission said would come next year.

As MRC informed earlier, Italian oil major Eni is planning to create a division to focus on new energy solutions which could be headed by its CFO, as it steps up preparations for a decarbonised future.

Besides, Shell has deepened its carbon emissions targets promising to become a net-zero emissions energy business by 2050 or sooner as pressure mounts on oil majors to help mitigate climate change. Under the move, Shell said it will reduce the net carbon footprint of the energy products it sells by around 65% by 2050, up from a previous goal of around 50%, and by around 30% by 2035, increased from around 20%.

We remind that none of the big oil companies currently meet U.N. targets to limit global warming despite the most ambitious targets set by Royal Dutch Shell and Eni.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 595,170 tonnes in the first five month of 2020, up by 10% year on year. Deliveries of all ethylene polymers, except for linear low density polyethylene (LLDPE), rose partially because of an increase in capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market was 457,930 tonnes in January-May 2020 (calculated by the formula production minus export plus import). Deliveris of exclusively PP random copolymer increased.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PP, PE, LLDPE, crude and gaz condensate, PP random copolymer, propylene, ethylene, petrochemistry, Eni, Shell, Rossiya.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe