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Blue Hydrogen Market Size to Grow USD 4645 Million by 2030 at a CAGR of 12.0 % | Valuates Reports

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BANGALORE, India, June 10, 2024 /PRNewswire/ — Blue Hydrogen Market is Segmented by Type (Natural Gas Reforming for Hydrogen Production with CCS, Coal Gasification Hydrogen Production with CCS), by Application (Oil Refining, Ammonia Production, Steel Production, Other): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Blue Hydrogen market is projected to grow from USD 2353 million in 2024 to USD 4645 million by 2030, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period.

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Major Factors Driving the Growth of Blue Hydrogen Market:

The growing emphasis on cutting carbon emissions and switching to greener energy sources throughout the world is the main factor behind the expansion of the blue hydrogen industry. Compared to conventional hydrogen production techniques, blue hydrogen—which is generated from natural gas using carbon capture and storage (CCS) technology—offers a smaller carbon footprint. The industry is expanding thanks to significant investments in CCS infrastructure, decarbonization-focused government policies, and incentives.

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TRENDS INFLUENCING THE GROWTH OF BLUE HYDROGEN MARKET:

Steam methane reforming (SMR), a kind of natural gas reforming, is a major factor propelling the demand for blue hydrogen. Natural gas reforming is a technique used in oil refining to create hydrogen, which is necessary for desulfurization procedures and enhancing fuel quality. Refineries may create blue hydrogen—a substantial reduction in carbon emissions as compared to conventional methods—by combining SMR technology with carbon capture, utilization, and storage (CCUS) technologies. In addition to adhering to strict environmental laws, this synergy makes blue hydrogen production more economically feasible and scalable by utilizing the infrastructure and knowledge already in place. This leads to an acceleration of the use of blue hydrogen and helps the wider shift to greener energy sources.

The blue hydrogen industry is expanding rapidly, especially in ammonia manufacturing, thanks to coal gasification combined with carbon capture and storage (CCS) in hydrogen synthesis. This method turns coal into syngas, which is subsequently utilized to create hydrogen. The CO2 emissions from this process are caught and stored when CCS technology is used, reducing the impact on the environment. For the synthesis of ammonia, a vital component of fertilizers, this hydrogen is required. The use of blue hydrogen by the ammonia industry can help it satisfy sustainability goals and more stringent environmental requirements by reducing its carbon impact. Thus, the market for blue hydrogen is stimulated by the growing need for low-carbon ammonia, utilizing coal gasification with CCS as a practical and eco-friendly manufacturing technique.

The blue hydrogen market is mostly driven by government rules and incentives. Numerous nations have established challenging goals for reducing their carbon footprints and are generously funding the development of low-carbon technology. Investments in blue hydrogen projects are aided by grants for research and development, tax breaks, and subsidies. Further driving the market’s adoption of greener energy options are international agreements and carbon pricing systems.

Diversification of supplies and energy security are essential elements supporting blue hydrogen. Investing in blue hydrogen as a dependable and safe energy source is becoming more common among nations looking to lessen their reliance on imported fossil fuels. Countries can increase their energy independence through the utilization of indigenous natural gas resources and the implementation of CCS. This calculated action improves long-term energy price stability while simultaneously bolstering the nation’s energy security.

Blue hydrogen has major environmental benefits in the fight against climate change. When compared to traditional fossil fuels, the creation of blue hydrogen greatly minimizes the carbon impact by absorbing and storing CO2 emissions. The market is also being driven by public opinion and understanding of the significance of lowering greenhouse gas emissions.

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BLUE HYDROGEN MARKET SHARE ANALYSIS:

Key participants in the global blue hydrogen market include Air Products, Shell, Dakota Gasification Company, and others. Three of the best players have a proportion over 88%.

With a share of almost 36%, Europe is the largest market. North America and Asia-Pacific come in second and third, respectively, with shares of 27% and 30%.

Oil refining holds a share of almost 53% in terms of application, while Natural Gas Reforming for Hydrogen Production with CCS occupies the largest sector in terms of product type, accounting for 86% of the market.

Key Players:

Dakota Gasification CompanyCountySegmentCcsShellArjoCare of Sweden

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global Solid State Hydrogen Storage Solution market was valued at USD 65 million in 2023 and is anticipated to reach USD 423.9 million by 2030, witnessing a CAGR of 31.6% during the forecast period 2024-2030.

–  Low Carbon Blue Hydrogen Market

–  Alkaline Water Electrolysis Hydrogen Production System Market

–  Waste to Hydrogen Market

–  Hydrogen Fuel Cell Vehicle-Mounted Hydrogen Supply System Market

–  Renewable Hydrogen Market

–  Hydrogen Inhalation Unit Market

–  Hydrogen Fuel Cell Stacks Market

–  Hydrogen Filling System For Vehicles Market

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–  Hydrogen Diaphragm Compressors for Hydrogen Refueling Stations Market

–  Natural Hydrogen Market

–  White Hydrogen Market

–  Hydrogen Liquefaction Market

–  Merchant Hydrogen Market

–  Green Hydrogen Storage Technology Market

–  The global High Purity Commercial Hydrogen market was valued at USD 2263 million in 2023 and is anticipated to reach USD 3339.2 million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.

–  Hydrogen Electrolysis Equipment Market

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–  Hydrogen Pipelines Market

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–  Proton Exchange Membrane (PEM) Electrolyzer for Green Hydrogen Production Market

–  Green Ammonia from Green Hydrogen Market

–  The global Hydrogen Peroxide market size was USD 4126.4 million in 2023 and is forecast to a readjusted size of USD 5240.8 million by 2030 with a CAGR of 3.2% during the forecast period 2024-2030.

–  The global Hydrogen Compressor market was valued at USD 425.6 million in 2022 and is anticipated to reach USD 664.8 million by 2029, witnessing a CAGR of 6.5% during the forecast period 2023-2029.

–  Hydrogen Energy Storage market size will reach USD 22010 million in 2028, growing at a CAGR of 5.1% over the analysis period.

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Technology

TCI Network: Cluster development policies in Latin America need continuity

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MEXICO CITY, Sept. 20, 2024 /PRNewswire/ — Latin America is a region in the world where “cluster policies have been developed more,” mainly in Mexico and Colombia. However, these initiatives have had “boom periods that later have not had continuity,” says Alberto Pezzi, founder of TCI Network, a global network dedicated to exchanging and improving practices in this sector.
“The main problem in several Latin American countries has been the initial implementation of certain norms and institutions to support the cluster policy that later, with a change of government (…) or due to a lack of trained personnel, are abandoned,” he said. 
For Pezzi, who has been working in this field for 25 years, clusters have helped to strengthen dialogue between the public and private sectors, to understand the problems companies have, and for small and medium-sized businesses to implement “strategic changes” to increase their competitiveness.
The also former CEO of TCI was optimistic about the promotion of cluster policies. He also recognized the work members of the Economic Commission for Latin America and the Caribbean (ECLAC) have done in Colombia in creating the Cluster Initiatives Platform.
To continue to strengthen these ecosystems in the region, Pezzi highlighted that this year the city of Chihuahua, in northern Mexico, will host the 27th TCI Global World Conference from October 8 to 10. There attendants will talk about the application models of artificial intelligence in clusters and the construction of a more collaborative future, considering the emergence of disruptive technologies.
“TCI’s annual event is the point of reference for professionals who are dedicated to the development of clusters around the world and the expectation is, on the one hand, to learn about methodologies, projects, good cluster practices and, at the same time, innovation ecosystems,” he said.
Also, the organizers said that the intention is to publish a white book for all the conclusions of the meeting. These would contain lessons learned from local networks and internationally recognized panelists, such as the expert in artificial intelligence, Rebeca Hwang, and Mariana Mazzucato, an economist specializing in development issues.
Regarding this year’s event, Pezzi said that Chihuahua is a special place for TCI. The state was where the American economist Michael Porter and other “cluster methodology pioneers” met in 1997 to celebrate the first International Cluster Workshop.

https://tciglobalconference.com/2024/
https://desec.mx/

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This Week in Finance News: 10 Stories You Need to See

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A roundup of the most newsworthy financial press releases from PR Newswire this week, including a new Volkswagen/Wells Fargo agreement and Americans’ worries about the election’s impact on their finances.

NEW YORK, Sept. 20, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

Volkswagen Financial Services U.S. and Wells Fargo announce cooperation agreement for vehicle purchase financing of Volkswagen, Audi, and Ducati brands in the United States
Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025.Credit Builders Alliance Launches New Financial Inclusion Pilot Program Using VantageScore 4plus™ Open Banking Credit Score
The program, with support for technical assistance from JPMorganChase, will select and lead a cohort of ten CBA nonprofit members to test the VantageScore 4plus credit score that uses both credit report data and alternative open banking data to generate a more predictive credit score, especially for underserved or “thin” credit file consumers. Eight in 10 Americans worry about the impact of the election on their retirement plan Two in 10 (19%) Americans believe the election will affect when they retire—a concern most prevalent among Gen Z (29%), according to the study of 1,000 U.S. adults. Americans who have not retired yet also fear inflation has set back their retirement goals, delaying them by nearly 8.5 years on average (55%).Carver Bancorp, Inc. Names Donald Felix President and CEO, Effective November 01, 2024
Donald Felix is only the sixth CEO in Carver’s 76-year history and will also serve as a member of the Carver Board. Carver continues to pay its mission forward, focusing on Minority and Women Business Enterprises and the growing middle-income neighborhoods it serves.National Real Estate Brokerage REALTY OF AMERICA Announces Launch
Four industry titans come together to launch Realty of America. The virtual brokerage invests in agents through technology, training, culture, and an innovative compensation structure.Two Boxes Secures $5.3M in Oversubscribed Funding Round
The oversubscribed funding round led by Peterson Ventures more than doubled the company’s valuation and saw participation from new investor Assembly Ventures, alongside renewed support from existing backers Vinyl, Range Ventures, and Matchstick Ventures. With Two Boxes, brands and 3PLs optimize returns inspection, prioritization, processing, tracking, and a growing list of obstacles.Stratix and Samsung Drive Financial Services Innovation with Mobile-First Solutions
Stratix services and Samsung’s state-of-the-art devices powered by Android empower financial service organizations to improve workflows, increase automation, and create better experiences for users and customers. AES Announces Strategic Partnership with CDPQ to Support AES Ohio’s Robust Growth Plans
The AES Corporation announced that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.Announcing the 2024 Most Powerful Latina Summit at L’ATTITUDE: Celebrating the Trailblazers Powering the $3 Trillion U.S. Latino Economy
Now in its 8th year, the Most Powerful Latinas list continues to highlight the critical contributions of Latina leaders across multiple industries. Released at the Most Powerful Latina Summit during L’ATTITUDE, this year’s list reflects the growing influence of Latinas in shaping the New Mainstream Economy.IEX Enters Options Market with Top Talent and Innovative Solutions
IEX Group, Inc. announced that it will launch a U.S. options exchange to partner with liquidity providers to uniquely tackle risk management challenges experienced in the options markets, pending regulatory approvals.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

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ATFX Connect Wins “Institutional Forex Broker of the Year 2024” Award

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HONG KONG, Sept. 20, 2024 /PRNewswire/ —  ATFX Connect, the institutional division of ATFX Group, has been recognised for its exceptional service and innovative technology platform, earning the prestigious “Institutional Forex Broker of the Year 2024” award from Corporate Vision. This accolade reflects ATFX Connect’s client-first approach, advanced liquidity solutions, and leadership in the institutional brokerage industry.

This accolade acknowledges ATFX Connect’s contributions in the field of institutional brokerage services and affirms its continuous efforts in driving industry progress and innovation.

Corporate Vision magazine, an internationally renowned business and financial information platform, presents its annual Corporate Excellence Awards to honor companies and individuals who demonstrate excellent leadership, innovation, and performance in their respective fields. This year, ATFX Connect, earned unanimous praise from the judging panel for its professional service team, efficient trade execution system, and comprehensive solutions tailored for institutional clients.

The magazine also featured an extensive report on ATFX Connect, highlighting its customer-centric approach. The core focus is providing clients with fast and straightforward access to financial markets, along with all the necessary tools, which has always been a hallmark of the brand.

ATFX Connect continues to customise liquidity solutions based on client needs while maintaining competitive pricing. Clients benefit from competitive spreads across 65 different currency pairs and access to over 20 liquidity providers, including Tier 1 banks and non-bank liquidity. Looking ahead, ATFX Connect plans to offer services specifically tailored for professional traders.

With the establishment of its Australian office, the brand’s influence continues to grow. ATFX has laid out an ambitious development blueprint, to enhance its brand influence and leverage its unique advantages to expand into broader international markets.

About ATFX
ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.

For further information on ATFX, please visit the ATFX website: https://www.atfx.com.

About ATFX Connect
ATFX Connect is a trading name of AT Global Markets (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. ATFX Connect’s bespoke liquidity offerings are available to institutions, hedge funds, broker-to-broker, family offices, asset managers, and High-Net-Worth Individuals.

ATFX Connect supports institutional clients by providing them with direct market access to liquidity from T1 banks and non-bank providers in Spot FX, Precious Metals, and CFDs. In addition, the flexible infrastructure enables ATFX to manage aggregation and pricing and allows integration with any third-party platform.

AT Global Markets (UK) Limited is part of the ATFX Group. For further information on ATFX Connect, please visit the ATFX Connect Website: https://www.atfxconnect.com

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