According to BlueWeave Consulting’s upcoming report, Titled-“Global Hydrogen Market, By Distribution (Pipelines, High Pressure Tube Trailers, Cylinders), by Production Process (Steam Methane Reforming and Partial Oxidation), by End-Use Industry (Chemicals, Aerospace & Automotive, Energy, Refining, Glass, Welding & Metal Fabrication) By Region, Size and Forecast 2019- 2025” Global Hydrogen market is expected to grow with a significant rate in the forecast period, 2019-2025 owing to the demand for fuel cells and various governments initiatives to increase the usage of hydrogen-based powered cars. Moreover, demand for clean fuel, stringent government regulations to control sulfur content in fuels is projected to witness in the growth of the global hydrogen market in the forecast period. Furthermore, the growing demand to decarbonize energy end-use, government regulation for desulphurization of refinery activities, and increased demand for hydrogen in the transportation sector are expected to drive the market in upcoming periods.
Eni and COREPLA sign agreement to produce hydrogen from packaging waste.
Published Date | 2019 March 19
To reduce dependency on fossil fuels products Eni and COREPLA have tied-up to do research into the production of hydrogen from waste plastics which drive the global hydrogen market in the upcoming period.Global: Italian energy firm Eni has inked an agreement with COREPLA, the National Consortium for the Collection, Recycling and Recovery of Plastic Packaging. The deal relates to the initiation of research projects to produce hydrogen from non-recyclable plastic packaging waste. The main aim of the deal is to evaluate the introduction of research projects to produce hydrogen and high-quality biofuels from plastic waste. The working group will assess the market behavior toward non-mechanically recyclable packaging over the next few years. In sync with new EU directives, the group will examine the types of waste that can be used to develop a constructive, pioneering circular economy process and optimize recovery. In sorted waste, plastic packaging is separated and sent to be recycled so it can be reused, mostly by transforming it into chips or grains which then become raw material for creating new products. The aim of the research is for Plasmix – different plastics that can’t be used in the recycling market – to now be recycled and transformed into new raw material. This waste-to-fuel processing is central to Eni strengthening and developing its strategy to apply the principles of the circular economy to its business. The company has been producing high-quality biofuels since 2014 in Porto Marghera and Gela from cooking and frying oil, animal fat and other non-edible waste. According to BlueWeave Consulting, Rising focus on cleaner energy and stringent government regulations to control rampant use of fossil fuels coupled with the introduction of gas-based fuel cell vehicles is anticipated to boost demand for hydrogen over the forecast period. Hydrogen is burnt to produce fuel, the byproducts are totally safe. Companies like Aeronautical actually use hydrogen as a source of drinking water. After hydrogen is utilized, it is normally converted to drinking water for astronauts on ship or space stations. Furthermore, an automobile that utilizes hydrogen energy will travel more miles than one with an equal amount of gasoline, Hydrogen energy’s efficiency and power makes it an ideal fuel source for spaceships and it’s a renewable energy source and bountiful in supply. The surge in demand for hydrogen in the end-user industry and use of hydrogen in power generation and stringent environmental regulations towards a cleaner form of energy will fuel the hydrogen market in the future timeline.