The hydrogen sector is already an established industry with a present-day demand just short of 100 million metric tons per annum (MMTA) and slowly growing. Industrial applications like ammonia, methanol, and steel production, and oil refining which are responsible for this demand will have to decarbonize their operations and thus form the basis of the low-carbon hydrogen economy. Beyond those existing segments, there’s potential for hydrogen to play a significant role decarbonizing transportation and shipping (road, aviation, and maritime) as they seek alternatives to end their reliance on fossil fuels. According to our projections, the hydrogen industry could amount to over 250 MMTA by 2050. Improvements in cost, clarification of already announced policy, and a step-by-step approach to project phasing…