Methanol

Green Hydrogen Market to Reach $143.8 billion, Globally, by 2032 at 50.3% CAGR: Allied Market Research

Retrieved on: 
Friday, December 15, 2023

WILMINGTON, Del., Dec. 15, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Green Hydrogen Market by Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer), by Application (Power Generation, Transport, and Others), and by End-Use Industry (Food and Beverages, Medical, Chemical, Petrochemicals, Glass, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report. The green hydrogen market was valued at $2.5 billion in 2022 and is projected to reach $143.8 billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

Key Points: 
  • However, the conflict raised concerns about the disruption of energy supply chains and increased uncertainty in the global energy market, potentially affecting investment and infrastructure development for green hydrogen production and distribution.
  • Geopolitical tensions and market uncertainties might slow down the pace of investments or collaborations needed to scale up green hydrogen projects.
  • However, the food and beverage segment is projected to manifest a CAGR of 51.6% from 2023 to 2032 and has significant proportion in the green hydrogen market size.
  • Rise in the food and beverage industry significantly influences the green hydrogen market, primarily due to intensive energy demand of the industry.

Green Hydrogen Market to Reach $143.8 billion, Globally, by 2032 at 50.3% CAGR: Allied Market Research

Retrieved on: 
Friday, December 15, 2023

WILMINGTON, Del., Dec. 15, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Green Hydrogen Market by Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer), by Application (Power Generation, Transport, and Others), and by End-Use Industry (Food and Beverages, Medical, Chemical, Petrochemicals, Glass, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report. The green hydrogen market was valued at $2.5 billion in 2022 and is projected to reach $143.8 billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

Key Points: 
  • However, the conflict raised concerns about the disruption of energy supply chains and increased uncertainty in the global energy market, potentially affecting investment and infrastructure development for green hydrogen production and distribution.
  • Geopolitical tensions and market uncertainties might slow down the pace of investments or collaborations needed to scale up green hydrogen projects.
  • However, the food and beverage segment is projected to manifest a CAGR of 51.6% from 2023 to 2032 and has significant proportion in the green hydrogen market size.
  • Rise in the food and beverage industry significantly influences the green hydrogen market, primarily due to intensive energy demand of the industry.

Global Bio-acetic Acid Market Analysis Report 2023-2030: Growing Demand in the Pharmaceuticals Industry & Increasing Usage of Bio-based Vinyl Acetate Monomer - ResearchAndMarkets.com

Retrieved on: 
Friday, November 10, 2023

The "Bio-acetic Acid Market Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Ethanol), By Region, And Segment Forecasts, 2023-2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Bio-acetic Acid Market Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Ethanol), By Region, And Segment Forecasts, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
  • The growing consumption of paracetamol and other medications is driving the demand for acetic anhydride globally.
  • Factors contributing to the high costs of bio-acetic acid include rising crude oil prices, growing demand for renewable materials, and increased investments in green technologies.
  • The company stated that this strategy would help to ensure a reliable supply of market and improve its ability to meet customer demand

Oberon Fuels Appoints First CFO and New COO to Accelerate Renewable Fuels Growth

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Thursday, December 14, 2023

SAN DIEGO, Dec. 14, 2023 /PRNewswire/ -- Oberon Fuels, a renewable fuels leader, today welcomed four new executives to help guide the company to new heights. The company hired its first Chief Financial Officer Ann Anthony and new Chief Operating Officer Derek Winkel to drive the company's rapid growth. Both Anthony and Winkel will play critical roles in growing the business as it scales up the commercializations of its renewable DME and methanol.

Key Points: 
  • SAN DIEGO, Dec. 14, 2023 /PRNewswire/ -- Oberon Fuels , a renewable fuels leader, today welcomed four new executives to help guide the company to new heights.
  • The company hired its first Chief Financial Officer Ann Anthony and new Chief Operating Officer Derek Winkel to drive the company's rapid growth.
  • Both Anthony and Winkel will play critical roles in growing the business as it scales up the commercializations of its renewable DME and methanol.
  • "Ann and Derek have played pivotal roles building clean energy leaders while engineering successful returns for investors," added Elliot Anise-Hicks, Oberon Fuels co-founder and CTO.

Fuel Cell Market worth $8.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, December 14, 2023

Based on type, the Fuel Cell Market has been segmented into proton exchange membrane fuel cell, solid oxide fuel cell, phosphoric acid fuel cell, alkaline fuel cell and microbial fuel cell.

Key Points: 
  • Based on type, the Fuel Cell Market has been segmented into proton exchange membrane fuel cell, solid oxide fuel cell, phosphoric acid fuel cell, alkaline fuel cell and microbial fuel cell.
  • This report segments the Fuel Cell Market based on end user into six segments: residential, commercial & industrial, transportation, data centers, military & defense and utilities & government/municipal institutes.
  • This report segments the Fuel Cell Market based on fuel into five segments: hydrogen, ammonia, methanol, ethanol and hydrocarbon.
  • This report segments the Fuel Cell Market based on application into three segments: stationary, portable and fuel cell vehicles.

Fuel Cell Market worth $8.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, December 14, 2023

Based on type, the Fuel Cell Market has been segmented into proton exchange membrane fuel cell, solid oxide fuel cell, phosphoric acid fuel cell, alkaline fuel cell and microbial fuel cell.

Key Points: 
  • Based on type, the Fuel Cell Market has been segmented into proton exchange membrane fuel cell, solid oxide fuel cell, phosphoric acid fuel cell, alkaline fuel cell and microbial fuel cell.
  • This report segments the Fuel Cell Market based on end user into six segments: residential, commercial & industrial, transportation, data centers, military & defense and utilities & government/municipal institutes.
  • This report segments the Fuel Cell Market based on fuel into five segments: hydrogen, ammonia, methanol, ethanol and hydrocarbon.
  • This report segments the Fuel Cell Market based on application into three segments: stationary, portable and fuel cell vehicles.

Oxylus Energy Hits Critical Commercialization Net-Zero Fuel Production Milestone

Retrieved on: 
Wednesday, December 13, 2023

NEW HAVEN, Conn., Dec. 13, 2023 /PRNewswire/ -- Oxylus Energy, the Yale-based start-up formerly known as Carbon Loop, announced today that it has successfully passed key benchmark tests for the deployment and commercialization of its proprietary catalyst and electrolyzer technology in a 5cm2 cell. This is a critical platform for design iterations, as it offers significant predictability for performance at the size of commercial-scale cells.

Key Points: 
  • This is a critical platform for design iterations, as it offers significant predictability for performance at the size of commercial-scale cells.
  • Oxylus' technology, however, holds the promise of being one of the most cost-effective methods for generating renewable methanol, potentially surpassing fossil-derived methanol.
  • By directly converting CO2 into methanol, this avoids the use of a second reactor to create hydrogen, Oxylus' process saves costs and energy.
  • Oxylus Energy continues its commitment to sustainable energy solutions, contributing to a cleaner, greener future.

Kaizen Clean Energy Awarded Hydrogen Fueling Station and Microgrid Contract By Golden Empire Transit District

Retrieved on: 
Wednesday, December 13, 2023

HOUSTON, Dec. 13, 2023 /PRNewswire/ -- Kaizen Clean Energy (KCE) has been awarded a contract from the Golden Empire Transit District (Bakersfield, CA) for an off-grid hydrogen fueling station and hydrogen-based microgrid to support GETBus's expanding Zero-Emission fleet. Under the contract, KCE will provide a KCE-150 microgrid capable of producing up to 150kW of power and an hydrogen fueling station delivering up to 460kg of H2/day. The power produced from the KCE-150 will power the hydrogen fueling station and/or provide EV DC fast charging.

Key Points: 
  • HOUSTON, Dec. 13, 2023 /PRNewswire/ -- Kaizen Clean Energy (KCE) has been awarded a contract from the Golden Empire Transit District (Bakersfield, CA) for an off-grid hydrogen fueling station and hydrogen-based microgrid to support GETBus's expanding Zero-Emission fleet.
  • Under the contract, KCE will provide a KCE-150 microgrid capable of producing up to 150kW of power and an hydrogen fueling station delivering up to 460kg of H2/day.
  • The power produced from the KCE-150 will power the hydrogen fueling station and/or provide EV DC fast charging.
  • "Kaizen's hydrogen fueling stations are the most cost-effective systems to fuel hydrogen fuel cell vehicle fleets, providing customers with delivered hydrogen costs significantly less than compressed or liquid hydrogen technologies," said Eric Smith, Chief Commercial Officer, at Kaizen Clean Energy.

Green hydrogen market size to grow by USD 14.74 billion between 2022 and 2027 | APAC will account for 57% of the market growth- Technavio

Retrieved on: 
Wednesday, December 13, 2023

Get a holistic overview of the green hydrogen market by industry experts to evaluate and develop growth strategies.

Key Points: 
  • Get a holistic overview of the green hydrogen market by industry experts to evaluate and develop growth strategies.
  • Green hydrogen is widely used in the manufacturing of chemical compounds such as paints, synthetic fibers, nylon, and polyurethane elastomers and in the plasticization of plastics.
  • Growth of the green hydrogen market across APAC, Europe, North America, Middle East and Africa, and South America
    The hydrogen generation market is estimated to grow at a CAGR of 5.58% between 2022 and 2027.
  • The green ammonia market is estimated to grow at a CAGR of 90.05% between 2022 and 2027.

Asia-Pacific PEM Electrolyzer Markets, 2022 and 2023-2031: Rising Demand for Advanced Electrolysis Technologies, Surge in Sustainable Hydrogen Economy

Retrieved on: 
Wednesday, December 6, 2023

DUBLIN, Dec. 6, 2023 /PRNewswire/ --The "Asia-Pacific PEM Electrolyzer Market - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 6, 2023 /PRNewswire/ --The "Asia-Pacific PEM Electrolyzer Market - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
  • The Asia-Pacific PEM electrolyzer market (excluding China) is projected to reach $306.7 million by 2031 from $14.7 million in 2022, growing at a CAGR of 40.1% during the forecast period 2022-2031.
  • Proton Exchange Membrane (PEM) electrolyzer sales are currently expanding in the Asia-Pacific (APAC) market due to a number of important factors.
  • Key players in the APAC PEM electrolyzer market analyzed and profiled in the study involve PEM electrolyzer manufacturers and the overall ecosystem.