{"id":74404,"date":"2022-10-19T02:01:34","date_gmt":"2022-10-19T02:01:34","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/over-in-the-gcc-it-may-need-to-go-blue-before-it-goes-green\/"},"modified":"2022-10-19T02:01:34","modified_gmt":"2022-10-19T02:01:34","slug":"over-in-the-gcc-it-may-need-to-go-blue-before-it-goes-green","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/over-in-the-gcc-it-may-need-to-go-blue-before-it-goes-green\/","title":{"rendered":"Over in the GCC, it may need to go blue, before it goes green"},"content":{"rendered":"

<\/a> In the GCC, large-scale green hydrogen production is likely to trail behind <\/strong>blue <\/strong>hydrogen, <\/strong>according to a report published by ratings agency Moody's Investors Service<\/a> on Thursday and picked up by Zawya<\/a> yesterday. The GCC\u2019s access to cheap domestic natgas, local carbon capture and storage (CCS) expertise, and available infrastructure will make blue hydrogen production more feasible than the \u201cmore costly and challenging\u201d green hydrogen \u2014 in the short-to-medium term, Zawya notes the report saying.<\/p>\n

Significant investment in tech and infrastructure for storage and transportation is still needed to make GCC green hydrogen projects commercially viable, <\/strong>the report notes. Green hydrogen production growth is also hindered by \u201csubstantial delays in auctioning processes\u201d faced by the region\u2019s renewables projects, it adds.<\/p>\n

But long-term supply and export potential is there:<\/strong> In the long-term, the UAE, Saudi Arabia and Oman could all be green hydrogen producers and exporters, Moody\u2019s tells us, because of their access to cheap renewable energy and water desalination expertise.<\/p>\n

Egypt leads the pack in MENA in terms of the value of green hydrogen projects, with some USD 63.8 bn<\/strong> \u2014 just over 35% of the USD 180 bn regional total.<\/p>\n