Through the use of hydrogen, worldwide green steel production capacity is forecast to reach 40 million metric tons in 2030. This would translate into a hydrogen demand of four million metric tons. By comparison, as of 2023, there were 63 e-methanol (renewable methanol from hydrogen) projects in the pipeline, with an expected production volume of 6.2 million metric tons by 2027.
Outlook for renewable methanol, steel, and ammonia production via hydrogen worldwide in 2027 and 2030
Characteristic
Characteristic
Number of e-methanol projects under development as of 2023
63
Expected e-methanol production volume by 2027 (in million metric tons)
6.2
Expected hydrogen demand for e-methanol by 2027 (in million metric tons)
1.5
Number of hydrogen-powered steelmaking projects announced as of 2023
42
Expected renewable steel capacity by 2030 (in million metric tons)
40
High estimate for hydrogen demand for steelmaking by 2030 (in million metric tons)
4
Expected renewable ammonia capacity by 2030 (in million metric tons)
45
Expected low-carbon ammonia capacity by 2030 (in million metric tons)
20
Expected hydrogen demand for ammonia by 2030 (in million metric tons)
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World Bank. (February 19, 2024). Outlook for renewable methanol, steel, and ammonia production via hydrogen worldwide in 2027 and 2030 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1478973/green-hydrogen-derivatives-projects-and-production/
World Bank. "Outlook for renewable methanol, steel, and ammonia production via hydrogen worldwide in 2027 and 2030." Chart. February 19, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1478973/green-hydrogen-derivatives-projects-and-production/
World Bank. (2024). Outlook for renewable methanol, steel, and ammonia production via hydrogen worldwide in 2027 and 2030. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1478973/green-hydrogen-derivatives-projects-and-production/
World Bank. "Outlook for Renewable Methanol, Steel, and Ammonia Production via Hydrogen Worldwide in 2027 and 2030." Statista, Statista Inc., 19 Feb 2024, https://www.statista.com/statistics/1478973/green-hydrogen-derivatives-projects-and-production/
World Bank, Outlook for renewable methanol, steel, and ammonia production via hydrogen worldwide in 2027 and 2030 Statista, https://www.statista.com/statistics/1478973/green-hydrogen-derivatives-projects-and-production/ (last visited November 21, 2024)
Outlook for renewable methanol, steel, and ammonia production via hydrogen worldwide in 2027 and 2030 [Graph], World Bank, February 19, 2024. [Online]. Available: https://www.statista.com/statistics/1478973/green-hydrogen-derivatives-projects-and-production/
