[Ocean Hydrogen Energy] China is expected to become the world’s largest importer of clean hydrogen

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Recently, a report released by Deloitte showed that China is expected to become the world's largest importer of clean hydrogen, requiring 13 million tons of imported hydrogen per year by 2030. Deloitte said that China is expected to become the world's largest importer of clean hydrogen and urged countries around the world to expand production capacity before 2050. Based on current clean hydrogen project announcements, the global community can only provide 44 million tons of production capacity by 2030, which is only a quarter of projected demand in 2030, according to Deloitte. The Middle East, North Africa and Australia are expected to quickly become the world's largest exporters of clean hydrogen due to their natural advantages in natural gas and renewable energy reserves and ability to produce low-cost clean hydrogen. Global capital and financial centers will play a key role in supporting the development of the hydrogen economy, and clear business models will help promote financial flows within the hydrogen energy industry. Deloitte Economics Head * Partner Dr. Pradeep Philip said China will continue to rely heavily on clean hydrogen imports between 2050 and 2060 until the country eventually becomes self-sufficient. China's clean hydrogen market will reach US$265 billion per year in 2050. By 2060, China plans to achieve carbon neutrality, by which time the country will be almost self-sufficient.