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Driving sustainability through collaboration : green hydrogen partnerships from a CEO perspective
During a recent conversation between Marko Virkebau , CEO of Stargate Hydrogen , and Fernando S . Camargo , valuable insights were shared about the company ’ s vision for the future . This article highlights Virkebau ’ s reflections on strategic partnerships and the evolving hydrogen market , offering a deeper understanding of the challenges and opportunities ahead .
By Fernando S . Camargo , Marketing Manager , Stargate Hydrogen
In the pursuit of a sustainable future , the industrial sector stands at a critical juncture . As the world grapples with the urgent need to reduce carbon emissions and transition toward cleaner energy sources , the significance of green hydrogen cannot be overstated . This versatile fuel , produced through electrolysis powered by renewable energy , holds immense potential to decarbonize various industries , especially in hardto-abate sectors .
These hard-to-abate sectors are responsible for a substantial portion of global CO 2 emissions . Steelmaking alone accounts for 7 % of all
CO 2 emissions , followed by the chemical and petrochemical industries at 4 %. Shipping and rail transport contribute 2.5 % and 1 %, respectively . Additionally , industrial heat generation is responsible for about 11 % of CO 2 emissions – many of which could be reduced by replacing natural gas with green hydrogen . Altogether , these industries emit more than 25 % of human-generated CO 2
, a figure that green hydrogen has the potential to significantly reduce .
The CEO perspective
However , the widespread adoption of green hydrogen faces numerous challenges , including technological limitations , the need to reduce the cost of renewable energy sources , and regulatory hurdles . To overcome these obstacles and accelerate the transition toward a hydrogenbased economy , Stargate Hydrogen CEO Marko Virkebau views collaboration and partnerships as essential .
26 Hydrogen Tech World | Issue 18 | October 2024