• Oli Capital

Forrest says green hydrogen market could be worth $16 trillion by 2050

Updated: Oct 19, 2021




Iron Ore billionaire Andrew “Twiggy” Forrest has delivered some extraordinar predictions for the renewable hydrogen industry, saying it could grow to $16 trillion by 2050, “way more than any industry that exists today”.


Forrest says the green hydrogen market could create revenues of $US12 trillion ($A16 trillion) by 2050, an industry on the scale unlike any ever seen, as it meets clean energy needs in transport, energy and industry.


Forrest’s own plans for FFI are to produce 15 million tonnes of renewable green hydrogen a year by 2030, “increasing to 50 million tonnes per annum thereafter – a scale equal to the very largest oil and gas companies today.”


Reference:
https://reneweconomy.com.au/forrest-says-green-hydrogen-market-could-be-worth-16-trillion-by-2050/

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