SMR mixes natural gas with very hot steam in the presence of a catalyst, where a chemical reaction produces carbon monoxide and hydrogen.
The carbon dioxide emissions produced are then captured and stored underground using the Carbon Capture, Utilization and Storage (CCUS) technology leaving nearly pure hydrogen.Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=Brep_id=83707Key Drivers and Restraints of Blue Hydrogen MarketRise in demand for clean hydrogen in end-user industries such as chemical; and rapid industrialization globalization are key factors driving the blue hydrogen market.
Furthermore, governments of various countries across the world are promoting the use of fuel cell vehicles to reduce GHG emission.
Thus, rise in usage of hydrogen in the automobile industry is anticipated to propel the demand for blue hydrogen during the forecast period.Blue hydrogen faces social acceptance issues, as it is associated with additional costs for CO2 transport and storage and requires monitoring of stored CO2.
This is likely to hamper the blue hydrogen market during the forecast period.More Trending Reports by Transparency Market Research – https://www.prnewswire.co.uk/news-releases/increasing-popularity-of-rooftop-turbines-for-individual-consumption-to-drive-small-scale-single-and-multi-rotor-wind-turbine-market-past-us-8-72-bn-by-2031-finds-a-tmr-study-888457526.htmlCOVID-19 Impact AnalysisThe COVID-19 pandemic has adversely impacted all industries, including hydrogen, due to the stringent lockdowns in all major countries.
Furthermore, the supply of hydrogen was hampered, as major portion of the hydrogen is produced from natural gas reforming.