TotalEnergies CEO Patrick Pouyanné has lambasted the EU’s target to use 20 million tonnes of green hydrogen by 2030 as “impossible” based on current costs and the relative infancy of electrolyser technology.
“For hydrogen, [the cost of] grey hydrogen to blue hydrogen is 1:2, to green hydrogen it’s supposed to be 1:3,” he said at a recent special meeting of World Economic Forum.
However, TotalEnergies is currently running a tender for 500,000 tonnes of renewable H2 for use in its refineries, and the prices that have emerged are much, much higher.
“If we get the 500,000 tonnes on an average of €8 [$8.57] per kilogram — this is more or less the average of the offers, so it’s not €3 or €5. Don’t dream: today it’s €8, and €8 for the best,” he said.
Read more on https://www.hydrogeninsight.com/production/eu-hydrogen-targets-are-impossible-as-green-h2-costs-eight-times-as-much-as-grey-h2-today-total-ceo/2-1-1634747
