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Turquoise hydrogen refers to hydrogen gas produced through the thermal cracking of methane in a process known as methane pyrolysis. The byproduct of this process is solid carbon, often in the form of carbon black or graphite, instead of carbon dioxide. This process is considered as a potential pathway to low-carbon hydrogen production and is viewed as being particularly relevant to the chemical industry. Chemical companies are interested in turquoise hydrogen as a feedstock because it can potentially reduce the carbon footprint associated with producing chemicals that traditionally rely on gray hydrogen, which is produced from fossil fuels with high greenhouse gas emissions. The carbon byproducts can also be utilized within the chemical sector and in other industries, adding value and reducing waste.
The turquoise hydrogen market is still emerging, with various companies involved in its development. Some of the companies engaged in the production or technological advancement of turquoise hydrogen include Monolith Materials, which specializes in methane pyrolysis to produce hydrogen and carbon black, and Hazer Group Limited, working on a low-emission hydrogen and graphite production process. Other key players researching and developing turquoise hydrogen technology include BASF, which is active in the chemicals sector, and C-Zero, a company focusing on decarbonizing natural gas. Show Less Read more