Asia Pacific Captive Petroleum Refinery Hydrogen Generation Market Trends

Asia Pacific Captive Petroleum Refinery Hydrogen Generation Market Trends

Increasing penetration of renewable energy sources in the region's energy mix is facilitating the growth of green hydrogen production, encouraging refineries to explore the use of solar and wind energy for electrolysis to produce hydrogen sustainably leading to strengthening business outlook. Furthermore, companies are increasingly adopting captive clean energy production to lower overall production costs and utilize byproducts from other refining processes as feedstock. This cost advantage is crucial in an environment where businesses face pressure to reduce operational expenses while maintaining product quality and regulatory compliance.