Wood Mackenzie – Isn’t It Ironic? How Europe’s Oil Refiners Could Offer a Route to Scale Up Green Hydrogen

The main theme of the report is the exploration of the role of European oil refineries in the development and scaling up of green hydrogen production.

Key findings include that European oil refineries could become significant producers or buyers of green hydrogen, aiding in the decarbonization of the sector. EU regulations and subsidies support the development of green hydrogen, favoring it over blue hydrogen. Investments in green hydrogen projects are increasing due to the revision of the EU Renewable Energy Directive (RED III). Further growth requires reducing the cost of green hydrogen production and strengthening regulations.