“The global energy market is changing, humanity needs new, efficient, more environmentally friendly energy sources not as a replacement, but as an alternative to traditional hydrocarbons. And hydrogen will definitely occupy its niche in the energy of the future,” said TPU.

The idea of using ammonia as a carrier for hydrogen delivery has gained traction in recent years because ammonia is much easier to liquify than hydrogen and is therefore much easier to store and transport.

Germany’s gross domestic product grew by 8.5%

With its sunny plains, windy hillsides and gas infrastructure, Spain is keen to lead production of hydrogen using renewable resources, a process seen as key to meeting carbon emissions targets provided costs can be brought down.

Hyundai Motor Company and INEOS today announced the signing of a memorandum of understanding to explore new opportunities to accelerate the global hydrogen economy.

Particular attention was paid to the role and significance of natural gas as a green energy source in the context of Europe's decarbonization policy goals.

The strategy says that between 2020 and 2024 the European Commission will support the installation of at least 6 GW of renewable hydrogen electrolysers in the EU, and the production of up to 1 million tonnes of renewable hydrogen.

Goldman Sachs predicted that green hydrogen will become a $12-trillion market by 2050.

The government in the summer earmarked 7 billion euros ($8.25 billion) for the build-up of green hydrogen in Germany, plus a further 2 billion euros to set up partnerships with other countries.

I regard the strictly green position as irrational and counterproductive. It is an impediment to efforts to quickly slash carbon emissions and limit the effects of global warming.