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China Petroleum & Chemical News Network reported on May 30 that the German Ministry of Economy and Transport said on Friday that Germany will provide up to $10 billion in federal and state funding for 62 large-scale hydrogen projects to become the world’s hydrogen technology.
Germany will provide 9.
German Economy Minister Peter Altmaier stated that Germany hopes to become a global leader in hydrogen technology and pointed out that the investment announced today is a step towards making the German economy carbon neutral.
Altmaier said that by using hydrogen, Germany can save millions of tons of carbon dioxide emissions from the steelmaking and chemical industries every year.
Transport Minister Andreas Scheuer added: "We are making Germany a hydrogen country.
Scheuer said that 95% of Germany's road traffic still relies on fossil fuels, so Germany needs to rely on renewable energy for transportation.
The Minister of Transportation said: "We must and hope to promote the shift to climate-friendly transportation as soon as possible.
Cao Haibin excerpted and translated from the oil price network
The original text is as follows:
Germany Pumps $10 Billion In Hydrogen In Bid To Become Global Leader
Germany will fund 62 large-scale hydrogen projects with as much as US$10 billion in federal and state funds as it aims to become the world's leader in hydrogen technologies, the German ministries of economy and transport said on Friday.
Germany will provide US$9.
Germany wants to become a global leader in hydrogen technology, Economy Minister Peter Altmaier said, noting that the investment announced today is a step toward making Germany's economy carbon neutral.
Through the use of hydrogen, Germany could save several million tons of carbon dioxide (CO2) emissions annually from the steelmaking and chemicals industries, Altmaier said.
"We are making Germany a hydrogen country," Transport Minister Andreas Scheuer added.
A total of 95 percent of road traffic still depends on fossil fuels, so Germany needs mobility that relies on renewable energies, Scheuer said.
"We must and WANT to urgently promote the switch to climate-friendly mobility," the transport minister said.
