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Green hydrogen booms in Asia as companies rush into projects

Denmark's Orsted in talks with POSCO, BP invests in Australian project

A ship carrying liquefied hydrogen docks at an experimental terminal in Kobe, Japan. (Photo by Atsushi Ooka)

TOKYO -- The race to establish green hydrogen production bases in the Asia-Pacific region is heating up, with Western and regional companies cooperating on massive projects to produce what many see as a next-generation power source.

Danish multinational Orsted, the world's largest offshore wind power company, is considering entering the market, as are major Western oil companies.

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