What Drives This Madness On Hydrogen?
Paul Martin with his many explainers on the science and reality of hydrogen. They know we use about 120 million tons of it annually in industry — 90 million tons of pure hydrogen and 30 million tons of hydrogen in synthetic gases. They know it’s an essential industrial feedstock and that it’s a major climate change problem. They know that we have to manufacture low-carbon hydrogen for those purposes.
They had at least a rough idea of why oil and gas majors were motivated to push hydrogen for energy, if only to delay the inevitable transition. But they were very perplexed about the rest of the hydrogen lobby pushing hydrogen into non-viable small pockets such as their segment of transportation to justify their investments. They were wondering how it helped them. As they asked,Here’s my response, lightly edited:Obviously, there are the oil and gas firms. They have two motivations.
There is no future where hydrogen isn’t a source of energy where those percentages don’t just disappear. There are secondary and tertiary GDP impacts as well, so the actual economic losses are bigger, likely double. And due to the outsized economic significance in fossil-fuel-heavy countries like those, Canada, Venezuela, and Australia, governmental politicians and bureaucrats have a revolving door into and out of industry, and their doors are always open to lobbyists.
Then there are the companies who are dead, but still moving around. Cummins is a case in point. They build big engines, almost entirely for ground transportation . All of their intellectual capital is about burning stuff inside big internal combustion engines. Virtually their entire market is going away if hydrogen isn’t the answer.
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