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Snam CEO hopes COP26 will provide definition for blue hydrogen

Italy's Snam raises methane-cutting target after revenues jump 15%
Italy's Snam raises methane-cutting target after revenues jump 15%   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p>By Marwa Rashad and Yousef Saba</p> <p><span class="caps">LONDON</span> – The COP26 climate conference in Glasgow ought to agree a definition for blue hydrogen to help producers trade it, the <span class="caps">CEO</span> of gas infrastructure group Snam said on Saturday.</p> <p>“At COP26 we need to define what blue hydrogen means, because if you have blue hydrogen with little CO2 capture and a lot of methane leakage, it is very damaging,” <span class="caps">CEO</span> Marco Alvera told the Saudi Green Initiative forum in Riyadh.</p> <p>“Blue hydrogen must be defined, has to be certified, so the people producing very low or no carbon and no methane leaking in the hydrogen can have a tradable market,” he said.</p> <p>Italy’s Snam makes most of its revenue from gas transport but has signed a flurry of hydrogen deals over the last year.</p> <p>Governments and energy companies are placing large bets on hydrogen helping lower greenhouse gas emissions, but its future uses and costs are highly uncertain. </p> <p>Blue hydrogen is extracted from natural gas using steam-methane reforming, currently the standard process, and captures the CO2 emissions in underground or subsea storage. </p> <p>It is seen as a transitional approach while green hydrogen, which uses renewable energy for extraction, cannot fully meet demand. Some environmentalists oppose it.</p> <p>Alvera also said he hoped COP26 would help get consumers involved. </p> <p>“We need to get Amazon to start certifying net zero products. That will create a big offset market,” he said, noting this would also require a means of certifying the supply chain of products.</p> <p/> </div>