Big Oil Turns to Hydrogen: Making It Profitable is the Key
Mar 31,2024 | DAXTROMNSOLAR
The oil industry is shifting its focus to hydrogen as a potential alternative to traditional fossil fuels. However, instead of relying on the promise of a "green" energy source, the industry is primarily concerned with profitability. As the demand for cleaner energy grows, oil companies are investing in hydrogen production and distribution. While the technology for hydrogen production exists, the challenge lies in making it economically viable. The industry is emphasizing the need for government support and policy incentives to make hydrogen more competitive in the market. Ultimately, the goal is to prioritize profitability rather than solely relying on the environmental benefits of hydrogen.
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