Hydrogen Demand Seen As Growing By 2007
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HOUSTON, Mar. 4 -- The use of hydrogen for petrochemicals, renewable energy, and agricultural chemicals will escalate through 2007 as lawmakers enforce more stringent environmental legislation, Business Communications Co. Inc. said.
The Norwalk, Conn.-based BCC said total US hydrogen demand will increase to 14.45 tcf in 2007 from 10.96 tcf in 2002. This will amount to an average annual growth rate (AAGR) of 5.7%.
"High purity transportation fuels will become mandatory, and harmful chemical emissions will be drastically cut. Hydrogen will offer petroleum refiners, specialty chemical manufacturers, and automakers the flexibility they need to meet international agreements for cleaner products," BCC said in its report "Hydrogen as a Chemical Constituent and as an Energy Source."
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