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First-ever UK Hydrogen Strategy aims to create a hydrogen economy worth £13bn by 2050

First-ever UK Hydrogen Strategy aims to create a hydrogen economy worth £13bn by 2050

The UK Government has today (August 17) released its highly anticipated, first-ever hydrogen strategy that aims to build a hydrogen economy worth £900m ($1.2bn) by 2030, with this expected to rise to £13bn ($17.94bn) by 2050.

Heavy emphasis has been made on decarbonising pollution heavy industries such as chemicals, oil refineries, power and heavy transport.

The strategy will support these sectors in moving away from fossil fuels with low-carbon hydrogen initially set to be used to create opportunities for UK companies across the industrial heartland.

Read more: Hydrogen policy in the UK: Assessing the strategy and state of play in the UK today

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