Green hydrogen offers solution amid energy crisis
The article explains that the global energy crisis has increased interest in green hydrogen as a clean alternative source, especially amid disruptions in oil and gas flows through the Strait of Hormuz and rising prices of natural gas, ammonia, and urea. As shipping activity through the strait declines, low-carbon hydrogen projects have become more economically viable, although they still require ongoing government support. Hydrogen remains a potential player in diversifying supply chains and reducing dependence on oil and gas, with forecasts indicating that production costs will decline as the industry expands in the coming years.
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