[ Tubes , Pipes And Fittings ]
[ Tubes , Pipes And Fittings ]
Future growth depends on funding , so projections should be treated with caution , but two recent reports present an optimistic picture : Deloitte projects that hydrogen will grow to become a USD 1.4 trillion market by 2050 , while Businesswire projects an annual growth rate of 7.15 % from 2023 to 2040 , with the electrolytic process segment boasting a rate of 9.38 %. In 2022 the ammonia production segment accounted for over 50 % of market share ( 3 ) . Suppliers committed to the hydrogen industry include Vallourec , Mannesmann , Tubacex , Nippon Yakin Kogyo , and Alleima . Vallourec , a supplier of pipes for H transport and storage , is developing new industry standards and has carried out tests qualifying the fracture toughness resistance certain steel grades for OCTG pipes , line pipes and pressure vessels exposed to H2 . It has invented an underground modular storage system called Delphy . Tubacex is collaborating on the H2SALT project , in which hydrogen will be stored in underground salt caverns .
CCUS Carbon Capture Utilization & Storage is considered an important contribution towards decarbonization . Carbon capture capacity is due to rise sixfold between 2022 and 2030 , though the 50 projects announced for this period will not suffice to meet the Net Zero Scenario ( 4 ) . In early 2022 , Neptune Energy asked Vallourec to test materials for safe injection of CO 2 in depleted wells in
The Prill Tower , part of the urea plant at BASF ’ s Ludwigshafen chemical site . Urea ( CH 4 N 2 O ) is an organic compound of carbon dioxide ( CO 2 ) and ammonia ( NH 3 ).
the Dutch North Sea . Vallourec is also working with Evonik to develop tubular solutions for the CCUS industry . Tubacex has developed CRA tubular products ( OCTG ) for CO 2 injection . Nippon Steel is collaborating with Mitsubishi and ExxonMobil on a programme for the Asia Pacific regions . MST is also developing its CCUS business .
Renewable energy Both solar and geothermal require CRA tubing to function . Geothermal is especially promising as technology is changing quickly as engineers learn to drill ever deeper into the earth to tap the magma that provides the heat to generate electricity . Vallourec has recently developed VAM ® connections qualified for up to 350 ° C under thermal cycles , and
Vacuum Insulated Tubing ( VIT ) for closed-loop geothermal systems which produce heat and power with minimal losses . Butting recently received an order for two types of casing for a new geothermal project in the Salton Sea , California , one made of super-duplex , the other of alloy 625 .
Conclusion Tubes , pipes and fittings made of stainless steel or CRAs are essential in both traditional and new ( decarbonization ) industries . As time goes on , the market share of the latter will only increase .
Acknowledgements My thanks to Patrik Schraven , General Manager Marketing and Business Development of MST , for his insights .
The Imperial Valley Geothermal Project near the Salton Sea , California .
References
( 1 ) www . einnews . com / pr _ news / 644942862 / pipe-fittings- market-forecast-2023-2030- growth-potential-and-outlook .
( 2 ) www . zionmarketresearch . com / report / stainless-steel-pipes-andtubes-market .
( 3 ) https :// www2 . deloitte . com / id / en / pages / about-deloitte / articles / emerging-greenhydrogen-market . html ; https :// www . businesswire . com / news / home / 20230911450901 / en / Global-Hydrogen-Market-Set-for- Significant-Expansion-Projected- Value-of-761.3-Billion-by-2040--- ResearchAndMarkets . com ( 4 ) https :// www . iea . org / energysystem / carbon-captureutilisation-and-storage
18 Stainless Steel World March 2024 www . stainless-steel-world . net