Alongside the powerful and innovative movements for solar, wind, and nuclear energy to overtake their non-renewable incumbents comes another lower-cost idea that is catching tailwinds in Asian markets.
Turquoise hydrogen is a relatively new, environmentally friendly energy process that is touted as a game changer in eliminating CO2 emissions. In Japan, an industrial machinery and plant engineering company named Ebara is making progress to commercialize turquoise hydrogen. Now, how is turquoise hydrogen done exactly? Well, instead of using natural gas and emitting CO2 into the atmosphere, through electricity, these natural gases can be heated and split into two components: hydrogen and solid carbon. The solid carbon, which used to be wasted as gas, can now be sold for car tires, carbon fiber, batteries, and more, and the hydrogen is used for energy.
As no carbon dioxide is emitted during the process, the whole concept is carbon neutral assuming that the electricity is sourced from renewable energy. With no need to build carbon-capturing facilities and the ability to add solid carbon to their value chains, turquoise hydrogen is the next big step for companies to pursue net-zero emissions, a move that the whole world can benefit from.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.