Top Blue Hydrogen Companies

Large gas companies and energy companies that are investing in blue hydrogen are part of the competitive field. The focus is really on achieving long-term offtake contracts in ammonia and refining, developing carbon storage hubs, and establishing large ATR or SMR units with CCS at industrial clusters. Collaboration between the engineering sector, industrial buyers, and oil&gas can improve financeability, however, technology licensors are also standardizing designs to enable quicker build-out. Blue ammonia projects with an export focus are growing in importance as a business opportunity.

• C-Zero (2020): An innovation-oriented American start-up, specially focusing on methane pyrolysis technology, which not only results in producing solid carbon, but in producing hydrogen "clean" off CO2 emissions, designs modular reactors so they are scalable, low-cost for installation, and intended for integration into existing natural gas infrastructure. C-Zero advances the decarbonization of the blue hydrogen industry whereby methane uses its hydrogen source without carbon-emission capture inefficiencies.

• HiiROC (2019): HiiROC, a start-up based in the UK, has developed a thermal plasma pyrolysis process for turquoise hydrogen production at scale and has perfected the formation of their machines, which crack methane using high-voltage plasma to produce carbon as a useful by-product, as well as low-carbon hydrogen, according to the Ministry of New and Renewable Energy (MNRE) report. HiiROC is facilitating the market transition to more advanced gas-based low-carbon hydrogen, as well as both industry decarbonization and mobility applications, by enabling decentralized and low-cost methods to supply hydrogen.

Top Player’s Company Profile

• Linde

• Air Liquide

• Air Products and Chemicals

• Shell

• BP

• ExxonMobil

• TotalEnergies

• Equinor

• Saudi Aramco

• Reliance Industries

• Technip Energies

• Topsoe

• Johnson Matthey