Oil refineries need CO2 price above $100/tonne for green hydrogen switch

Published 16:46 on June 9, 2022  /  Last updated at 16:46 on June 9, 2022  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International  /  No Comments

Carbon prices of between $100 and $150/tonne are necessary for the global oil refining market to switch to using green and blue hydrogen in the long term unless their production costs fall sharply, a consultancy warned Thursday.

Carbon prices of between $100 and $150/tonne are necessary for the global oil refining market to switch to using green and blue hydrogen in the long term unless their production costs fall sharply, a consultancy warned Thursday.

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