10,082.77 TRY BIST 100 BIST 100
34.71 EUR EUR EUR
32.40 USD USD USD
4.50 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.34 TRY Interest Interest
88.24 USD Fossil Oil Fossil Oil
26.78 USD Silver Silver
4.59 USD Copper Copper
118.51 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,427.31 TRY Gold (gr) Gold (gr)

The hydrogen market will open new doors in exports

Türkiye's role in the hydrogen economy was discussed in the 13th of the ISO Green Agenda Talks, initiated by the Istanbul Chamber of Industry (ISO) within the framework of its sustainability vision.

The hydrogen market will open new doors in exports

According to an announcement by the Turkish Energy, Nuclear, and Mining Research Institute (TENMAK) in collaboration with the Istanbul Chamber of Industry (ISO), a chat program was organized, hosted by Vehbi Canpolat, a member of the ISO Board of Directors. The program featured Prof. Dr. Uğur Çevik, Deputy Chairman of TENMAK, and Prof. Dr. İbrahim Dinçer, President of the Hydrogen Technologies Association.

As part of the program, a panel discussion took place, moderated by journalist and author Ilgaz Gürsoy. The panel included Ragıp Kızıltaş, General Manager of Hydrogen Technologies at TENMAK, Prof. Dr. Adnan Midilli, Director of the Energy Institute at Istanbul Technical University, and Çevik, Deputy Chairman of TENMAK.

During the panel, Canpolat emphasized that hydrogen plays a crucial role in achieving the world’s goal of reaching “net zero” emissions by 2050. He highlighted that while hydrogen complements technologies such as renewable energy, biofuels, and energy efficiency in decarbonization efforts, “clean hydrogen” or, expressed using color codes, “green hydrogen,” holds even greater promise.

Canpolat pointed out that hydrogen serves as a long-term, scalable, and cost-effective energy source alternative for sectors such as maritime and aviation transportation, as well as industries like steel and ammonia. Additionally, due to its versatility as both a fuel and an energy carrier, hydrogen is expected to connect and transform markets fundamentally. This is why over 40 countries have disclosed their hydrogen strategies and roadmaps.

In addition to its role in achieving the “net zero” energy target and driving clean energy transformation, hydrogen will also play a critical role in addressing global energy security challenges from a geopolitical perspective. Canpolat concluded by stating:

Hydrogen energy will not only open new trade gateways for countries that have demand and are rich in renewable energy resources but also serve as a fresh playing field where nations can take a step forward. Green hydrogen, as a sustainable and technology-focused new industrial strategy on a large scale, promises much more. According to projections, today’s $1.4 billion hydrogen market is expected to grow to $12 billion by 2030. If the net-zero target is achieved, it could reach $112 billion.”

Deputy Chairman Çevik of TENMAK also emphasized the organization’s significant responsibilities, including creating a sustainable and clean energy future for our country by decarbonizing the economy, fostering innovation, and aligning clean energy goals with international energy policies.

President Dinçer of the Hydrogen Technologies Association highlighted the need to consider humanity’s requirements when it comes to the transformation of the hydrogen sector, which plays a critical role not only in achieving the “net zero” goal but also in addressing energy security challenges globally.

Dinçer stated the following:

"These needs, when considered, include clean air, clean food, clean water, and clean energy. However, if your energy isn’t clean, it’s impossible for the others to remain clean. Therefore, energy must absolutely and unequivocally be clean.

Up until now, in the energy equation, we’ve seen renewable energy, nuclear, and fossil sources. Fossil sources are now exiting the equation. So, who is entering the equation? Hydrogen is. But how will hydrogen pave the way here? Living through these historic processes is both problematic and a significant opportunity for humanity."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Inflation accounting decision from the Ministry of Treasury and Finance

Tuesday, April 30, 2024

Recovery expected in Chinese hot rolled coil market

Tuesday, April 30, 2024

POSCO to make major investment to replace blast furnaces

Tuesday, April 30, 2024

Taiwan's major steelmakers announce new prices

Tuesday, April 30, 2024

Indian steelmakers appeal to the government

Tuesday, April 30, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now