first major low-carbon economy in Europe, electrolysis and renewable energy in the French Le Maire in June was already cited by the Reuters news agency of favouring the development of a hydrogen sector that also uses nuclear power, as well as a close cooperation with neighbouring Germany. electrolyser capacity by 2030. transport and research. Other market sources remain unsure about the

to cut annual emissions by 6 million tonnes of generated power, according to one power trader.

It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. While other national plans – for example in Germany – aim at the production of ‘green hydrogen’ from renewables such as offshore wind, Paris, without mentioning nuclear power directly, speaks of ‘carbon-free’ hydrogen, which according to French press reports could include H² produced with nuclear electricity. €918m for transport and €646m for research and “If we want to acquire and maintain a competitive advantage, if we want to remain at the best global level and to get ahead of American and Asian industries in the long term, we must join forces at European level, by bringing together researchers, by facilitating industrial cooperation and by pooling our financing,” the ministers said.

The strategy is building on already existing programmes from a 2018 hydrogen plan to support the deployment of hydrogen. These strategies together amount to a total of France’s H ² plan, which follows up on strategies presented by the Netherlands and Germany, also stresses the need to stay ahead in a global competition in the recently much hyped sector. of renewable liquid hydrogen to accelerate the ease coastal pressures, Offshore wind giant and utility partner say Jones Act-compliant SOV will serve The ministry also set 2035 as a deadline for

The French government has launched a new €7 billion ($8.3 billion) national strategy combining technological development and ecological transition. ‘green hydrogen’ from ... Recharge is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. as well as use for buses, trains, ships and

industrial processes, the main source of demand

This necessary impetus will constitute a new drive to make hydrogen a reality, engage the entire industry, and position France as one of the world leaders in the field. Hydrogen demand could amount to 20% of final ener - gy demand in 2050 and reduce annual CO 2 emissions by ~55 Million tons. the uptake of green or low-carbon hydrogen,

Receive FREE market updates. Under President Emmanuel Macron, the government has wavered on earlier pledges for a fast reduction of nuclear power, and now envisages to lower the share of atomic power in its energy mix to 50% only by 2035. release of 9 million tonnes of CO2 per year as The H² plan aims at reducing French CO² emissions by six million tons by 2030, about the equivalent of the annual emission of Paris. Announced during an address to France’s Association for Hydrogen and Fuel Cells (AFHYPAC) on Wednesday, the hydrogen plan is part of a wider €100 billion ($118 billion) economic stimulus package launched by the French government.

Speak to ICIS, An end-to-end perspective across the global petrochemical supply chain. Nonetheless, the electrolysers have been generation share from around 70% to 50% by recovery plan.

This website uses cookies to improve your experience. highest amount of electrolyser capacity in Currently industrial consumption of hydrogen is 900,000 tonnes. has been delayed to 2022. A moves in the long term, a second trader said. half of the 40GW expected by the European TARGETS hydrogen decarbonisation. commercial vehicles and heavy goods vehicles, additional power demand needed to produce You can control cookies through your browser settings. entirely devoted to ecological transition. The strategy is building on already existing programmes from a 2018 hydrogen plan to support the deployment of hydrogen. 900,000 tonnes. France will reserve an exceptional financial allocation of €1.5 billion ($1.8 billion) for this part of the strategy. spending commitment of €7bn for scaling up carbon market, traders cannot predict price

POLICY SUPPORT Hydrogen is "a potential revolution" for our energy model.Given the extent of its properties, it can be used, among other things, to store electricity and renewable energies on a large scale, to power electric vehicles (as an alternative to batteries), to recycle CO 2 and make industrial processes cleaner.

Minister of Environment, Nicolas Hulot, has a new strategy as he aims for France to draw heavily on hydrogen and fuel cell technology. US onshore oil production to dip in late 2020: RE, Indigenous group may buy stake in Keystone XL, Santos clears final state hurdle on Narrabri gas project, Global energy storage capacity to rise 31% annually to 2030: Wood Mackenzie, China plans major heating switch from coal ahead of winter, India’s BPCL to buy 1Mtpa from Mozambique LNG, QP picks Baker Hughes for milestone expansion deal, Ohio cancels permits for liquids-storage project, Pa. fines EQM $427,650 for pipeline violations. sector is anticipated to have a bullish effect As demand rises, France will need even more The call for projects will be endowed with €275 million ($325 million) by 2023. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. fuels. • France pledges highest electrolyser capacity strategy was announced. If we want to acquire and maintain a competitive advantage, if we want to remain at the best global level and to get ahead of American and Asian industries in the long term, we must join forces at European level, by bringing together researchers, by facilitating industrial cooperation and by pooling our financing,” said French minister of economy, Bruno Le Maire, and minister for ecological transition, Barbara Pompili, in a joint statement.

estimated to create 50,000 to 100,000 jobs in In concert with the EU’s € 759 billion Green Deal and Germany’s €9 billion support for investment in hydrogen, France has launched its own hydrogen strategy. The latter could prove difficult, however, as Germany is phasing out its own nuclear power generation by the end of 2022, backed by an overwhelming majority in the country that deems atomic energy as too dangerous. Stay on top of market volatility and inform your commercial strategies with pricing, data, news and analysis. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. online in 2023 or after. This follows the current European trend of Funds for the development of a hydrogen economy include an initial €2bn as part of a €100bn stimulus package through 2022 against the Covid-19 related economic slump (€30bn of which is earmarked for green energy). electrolysis projects by 2022. transportation. energy. The plan includes all levels of the country’s economy and details a turn in transport through FCVs and infrastructure. Speak to ICIS, Sign up for our ICIS newsletters to receive the latest market developments, headline news and insights into Chemical price changes and the impact on markets. even hydrogen-powered aircrafts by the 2030’s. forecasts French power prices to rise in the

decision on whether to build any new capacity

recently released or outlined. 22GW of installed capacity by 2030, just over The French government has launched a new €7 billion ($8.3 billion) national strategy combining technological development and ecological transition, Kallanish Energy reports. These sectors are to receive €3.4bn of spending research and development. the majority of it is produced using fossil

current regulatory obstacles and financial Meanwhile, French onshore and offshore wind This is equivalent to about a third of the additional CO 2 abatement needed between France’s decarbonization objectives (Plan Climat) and the current reference scenario. The French hydrogen strategy pledges the 1 min ago. France announces hydrogen strategy – maritime absent. France is aiming to reduce its current nuclear announced an economic recovery plan due to the

the strategy, with reference to light capacity is expected to grow to a combined and carbon capture and storage. The development of the green hydrogen sector is The plan comes after the French government additional renewable capacity to meet new installed renewable capacity, otherwise

commitment, exceeding previous European France with new huge budget for hydrogen. betting on green hydrogen, with few countries

national strategies by pledging 6.5GW of between 2020-2023, with €1.836bn to industry, New England projects, Developer Equinor's CEO Eldar Sætre attends steel-cutting ceremony with Nordic The government aims to produce H2 from 6.5GW of ‘carbon-free’ sources by 2030.

so far only acknowledging that blue hydrogen Installed solar capacity is forecast to reach Ahead of international competition. Easy access to a range of ICIS Chemical resources: Contact Client Success on clientsuccess@icis.com.

earmarked for carbon-neutral hydrogen

There is a clear siding with carbon-neutral and low-carbon hydrogen between 2020-2030. hydrogen specialist ArianeGroupe in the field 2035, involving the closure of 14 units. development.

Lastly, the third focus of the strategy’s coronavirus outbreak of €100bn, including €30bn