Government support essential for hydrogen and carbon capture, says ABS

Image courtesy of ABS

Posted on February 21, 2022 9:29 PM by

The Maritime Executive

[By: ABS]

“Transportation and security, as well as standards and regulations, will be nothing less than boundary conditions in this energy transition.”

That was the message to the hydrogen industry from Christopher J. Wiernicki, Chairman, President and CEO of ABS, in a keynote address to the American Hydrogen Forum.

“The biggest challenge we all face in terms of achieving ambitious net zero commitments is the sheer gradient of the curve ahead of us. The pace of development of the hydrogen and carbon value chains will be key to managing this curve. Frankly, the curve is so steep and the cost is such that in order to reach the required speed, government support is a prerequisite for these value chains to develop in time to deliver.

Hydrogen and carbon capture are key to achieving net zero and the development of the two value chains is closely linked.

“Although quite diverse, the carbon and hydrogen value chains have several points of intersection in the field of fuels technology. One method of capturing carbon is to remove CO2 directly from the air, in what is called direct air capture, a technology that is still in the refinement phase. Carbon captured in this way can be combined with green hydrogen to produce totally clean synthetic fuels – green methanol, green LNG, etc. »

“This makes carbon capture a cornerstone of net-zero hydrogen development and highlights how deeply intertwined value chains are. There are many unknowns ahead of us today, but one thing seems fairly certain: if hydrogen and carbon technologies are key to achieving net zero emissions, then the hydrogen and carbon value chains will be critical to achieving a net zero global economy. »

He stressed that regulations and standards will need to keep pace with technological development to ensure that safety is at the forefront.

“We are entering an era where regulations and standards need to keep pace with technological advances. And there is an equally growing need for standardization and globally accepted frameworks that will be used for the adoption of technologies that will support these chains. In addition, a universally accepted approach to calculating and verifying the life cycle carbon footprint will provide the necessary credibility for projects in the hydrogen value chain. management and the GHG inventory will provide the appropriate tools for verifying the impact that carbon value chain operations will have on the transition.”

“During this journey, security must continue to be the common denominator of everything we do, with security and the scalability of decarbonization technologies operating as boundary conditions. We must also continue to guard against the unintended safety consequences that will inevitably arise from the rush to low-carbon operations. »

The products and services described in this press release are not endorsed by The Maritime Executive.

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