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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 The report estimates more than US$9 trillion of cumulative investments are required in the global clean hydrogen supply chain to help meet net-zero compliance by 2050, including US$3.1

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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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Japan’s New Energy and Industrial Technology Development Organization (NEDO), Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), Tohoku Electric Power Co., The technology also needs functions to optimize system operation according to hydrogen supply and demand forecasting.

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EIA: Petroleum and natural gas will be the most-used fuels in the US through 2050

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The US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2022 (AEO2022) Reference case forecasts that US energy consumption will grow through 2050, primarily driven by population and economic growth. In the industrial sector, the most growth in demand for petroleum is for hydrocarbon gas liquids (HGL) used as a feedstock.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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US oil production is the largest source of production growth in the forecast, but that growth remains uncertain because of relatively low capital investment from oil producers, EIA noted. Areas of uncertainty include Russian oil supply and OPEC production. EIA forecasts US gasoline prices to average around $3.30

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Benchmark: lithium has to scale twenty times by 2050; generational challenge for automakers

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The world will need more than twenty times the amount of lithium than was mined last year to meet demand by mid-century, driven by growth in energy storage and electric vehicles, according to new analysis from Benchmark Mineral Intelligence. The long term path for lithium is set, yet the supply chain scaling challenge has just begun.

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Study forecasts even with modest warming, global energy demand to increase by mid-century

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In this new study, the authors did a global analysis using temperature projections from 21 climate models, and population and economy projections for five socioeconomic scenarios. The largest changes in demand are due to electricity needed for cooling, and occur in the industry and service sectors of the economy.

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

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