Emerton was asked to assess the required steps to develop infrastructure capacities for the European H2 market, with a focus on the evaluation of the conversion dynamics from oil infrastructure to H2.
Delivery of a decarbonization-focused strategic plan for the conversion, construction, and financing of the future European H2 infrastructure.
Step 1: Role of oil transport infrastructure in H2 market development
§ Forecast of gas (fossil and biomethane), liquid fuels (fossil and low carbon), and H2 demand up to 2050
§ Implications in terms of possibility and time horizons for the conversion of existing oil and gas infrastructures
§ Evaluation of the required capacities to-be-built and deep-dive into possible pathways (e.g., cost analysis considering ‘rights of way’)
Step 2: Role of oil storage infrastructure in the development of H2 market
§ Detailed analysis of H2 storage volumes until 2030 and 2050
§ Evaluation of several infrastructure conversion/construction approaches
§ Synthesis on oil infrastructure operators’ role for development of future H2 network in Europe
Step 3: Evaluation of financing options and decarbonization roadmaps
§ Estimation of the required investments in H2 infrastructure and analysis of the associated investment risks
§ High-level assessment of decarbonization pathways for 5 industries, considering H2 and CO2 capture and usage or storage (CCUS) options
§ Formalization of final recommendations
