Baku, Azerbaijan, March 27. SOCAR Green has
launched evaluations to explore green hydrogen production
potential, the company told Trend.
“Committed to reducing carbon emissions and promoting renewable
energy, SOCAR Green is actively exploring the potential for green
hydrogen production in the country. To assess its feasibility, we
have launched comprehensive studies and evaluations, which align
with Azerbaijan’s broader goals of diversifying its energy
portfolio and reducing dependence on fossil fuels,” said the
company.
SOCAR Green said it is considering various solutions, including
the export of green hydrogen, integration with green ammonia and
fertilizer production, and its use in energy storage, to identify
the most viable path forward.
“In this effort, we are collaborating with various international
partners in this respect.”
Low Carbon Hydrogen Economy Market Study
prepared by the Advisian consulting company with the support of the
European Bank for Reconstruction and Development (EBRD) states that
Azerbaijan is well-positioned to develop a low-carbon hydrogen
economy taken into account the huge renewable energy potential
(onshore and offshore) and direct access to the natural gas
reserves.
The report provided positive results defining commercial
viability to produce green hydrogen and opportunities to supply it
to the regional energy markets (including the EU) as well as
identified application areas of hydrogen in the domestic
consumption. The Market Assessment provides information on future
steps of hydrogen deployment in Azerbaijan, application areas of
green hydrogen in the energy and industrial fields within the
domestic consumption, production cost of hydrogen (LCOH), export
routes opportunities, and other issues.
Follow the author on X: @Lyaman_zeyn