Carbon pricing, incentives fuel TotalEnergies’ green hydrogen refinery shift amid high costs

Amid high green hydrogen costs, TotalEnergies is betting on carbon pricing, incentives and growing transport demand to reduce prices, according to the company’s Chairman and CEO.

Speaking at the World Economic Forum’s (WEF) Special Meeting today (April 29), Patrick Pouyanné, Chairman and CEO of the French oil and gas major said despite high prices, the firm will push forward with its tender to replace grey hydrogen used in its refineries with green.

Last September (2023), the company launched a call for tenders to secure a supply of 500,000 tonnes of green hydrogen for use in its European refineries by 2030.

Read more: TotalEnergies seeks 500,000 tonnes of green hydrogen per year for European refineries

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