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the-hydrogen-economy-in-china-the-evolution-of-a-thousand-billion-dollar-market
the-hydrogen-economy-in-china-the-evolution-of-a-thousand-billion-dollar-market

The hydrogen economy in China: The evolution of a thousand-billion-dollar market

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Further to my previous article focused on hydrogen mobility in China and the bold ambitions that the country has in this regard, here we look at other areas of the development of the hydrogen economy in China.

At present, China has the largest hydrogen production capacity in the world. It is understood to have generated 16 million tonnes of hydrogen in 2012 and grew to 20-22 million tonnes in 2018. Therefore, the country has a good foundation of production capability to supply the potential future needs of a hydrogen economy – or the ‘hydrogen energy industry’ as it known instead in China.

According to The Blue Book on the Infrastructure Development of the Hydrogen Energy Industry of China (2016), which is prepared by The China National Institute of Standardization and The Technical Committee of the National Hydrogen Economy Standardisation, by 2020 as much as 72 billion m3 of hydrogen will be used as energy and the gross industrial output value of the industry will reach RMB 300bn ($44.4bn). This will further increase to RMB 1,000bn ($148bn) and RMB 4,000bn ($592 bn) by 2030 and 2050, respectively.

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