The International Chamber of Shipping (ICS) – presents a new report , written by the Professor of Energy Economics at Biberach University of Applied Sciences, Germany, identifying hydrogen demand sectors, demand locations and the demand-pull timeline at the Malaysia Maritime Week event today.

• The new report identifies that heavy Industry sector are expected to dominate global hydrogen demand by 2050, with South Korea, Japan and Europe being the first markets for hydrogen.
• However, analysis of current hydrogen demand scenarios shows tremendous volatility, increasing uncertainty for businesses and investors.
• The report highlights that to meet just 30 million tonnes of annual global green hydrogen demand, the world would require up to 411 new hydrogen vessels and the equivalent of the yearly electricity production of South and Central America combined.

Please find the full press release attached in Annex A and the report in Annex B.

ICS Press Release – Hydrogen Report -COMMUNICATIONS(24)29 -Annex A – Press release – New hydrogen demand report unveils once in a generation opportunity

Report – Turning-Hydrogen-Demand-Into-Reality-Which-Sectors-Come-First