Article | REF: HY1000 V1

Geopolitics and Hydrogen

Author: Anne-Sophie CORBEAU

Publication date: August 10, 2023

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1. Current hydrogen market situation

Global hydrogen consumption and production will reach 94 million tonnes (Mt) in 2021, up from 90 Mt in 2020 . Consumption has been rising steadily for the past 20 years. It has increased by over 50% since 2000.

1.1 Hydrogen production

Most hydrogen is produced from fossil fuels. In 2021, around 62% of global hydrogen production will come from natural gas steam reforming, 19% from coal gasification (mainly in China) and 18% from hydrogen production in refineries as a by-product of reforming

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Current hydrogen market situation