Hydrogen Production Stocks List

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Hydrogen Production

Hydrogen production is the family of industrial methods for generating hydrogen gas. As of 2020, the majority of hydrogen (∼95%) is produced from fossil fuels by steam reforming of natural gas and other light hydrocarbons, partial oxidation of heavier hydrocarbons, and coal gasification. Other methods of hydrogen production include biomass gasification, methane pyrolysis, and electrolysis of water. Methane pyrolysis and water electrolysis can use any source of electricity including solar power.
The production of hydrogen plays a key role in any industrialized society, since hydrogen is required for many essential chemical processes. In 2020, roughly 87 million tons of hydrogen was produced worldwide for various uses, such as oil refining, in the production of ammonia through the Haber process, and in the production of methanol through reduction of carbon monoxide. The global hydrogen generation market was valued at US$155 billion in 2022, and expected to grow at a compound annual growth rate of 9.3% from 2023 to 2030.

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