Green hydrogen booms in Asia as companies rush into projects

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

20221215N Hydrogen carrier

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

NAOYUKI TOYAMA, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.