German Chemicals Processing Industry to Spend More Than $500 Million on Power-to-X Capital Projects

NEW DELHI--April 13, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The European Union and governments around the world are adopting hydrogen strategies and are seeking to reduce greenhouse gas emissions to net-zero by 2050.

In order to reduce the emissions, German companies like ITM Linde Electrolysis GmbH, Ecogreen Oleochemicals GmbH, HydrGEN, and RWE AG are planning to invest $508.45 million in new green hydrogen units in coming years.