corn project is an example of how those elements can come together – focused on hydrogen production through reforming natural gas at the St Fergus gas terminal, it will look to use existing oil and gas infrastructure to capture CO2 and create blue hydrogen.
Oil has often been referred to ‘black gold’ in the past and was and still is a very important sector in the UK economy. The German government’s published stance on hydrogen shows the potential value of the global hydrogen market (in blue and green forms) over the next decade and beyond. If hydrogen is indeed going to be the oil of tomorrow, then UK businesses working in oil and gas need to ensure they capitalise on the opportunities that will arise.
Maybe not quite ‘green gold’, but it does offer a more sustainable future for everyone.
Alasdair Freeman, partner, Burness Paull