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Middle East & Africa Petroleum Refining Hydrogen Market Share

Report ID: GMI12468
Published Date: Dec 2024
Report Format: PDF

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Middle East & Africa Petroleum Refining Hydrogen Market Share

Middle East & Africa Petroleum Refining Hydrogen Company Market Share

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Eminent players are forming strategic partnerships with governments, refineries, and renewable energy developers to establish hydrogen infrastructure. This collaboration focuses on producing hydrogen from natural gas with carbon capture (blue hydrogen) for refineries and industrial use. Several major players are shifting towards green hydrogen production, especially in regions with abundant renewable energy resources. These companies aim to offer a sustainable, cost-effective alternative to hydrogen derived from natural gas and to provide clean hydrogen for petroleum refineries.

Middle East & Africa Petroleum Refining Hydrogen Market Companies

Eminent players operating in the Middle East & Africa petroleum refining hydrogen industry are:

ADNOC
Aramco
BP
Chevron Corporation
ExxonMobil
Indian Oil Corporation
Messer Group
Nel Hydrogen
Reliance Industries
Saudi Aramco
Shell UAE

Authors: Ankit Gupta , Pooja Shukla

Frequently Asked Questions (FAQ) :

The Middle East & Africa petroleum refining hydrogen market reached USD 9.7 billion in 2024 and is estimated to grow at a 10.1% CAGR from 2025 to 2034, driven by increasing refinery capacity and demand for cleaner fuels.

The green segment is projected to reach over USD 8.5 billion by 2034, due to stringent environmental regulations and regional efforts to curb carbon emissions.

Saudi Arabia's petroleum refining hydrogen market is anticipated to exceed USD 12.4 billion by 2034, led by the country's vision to diversify its economy and embrace renewable energy.

Key players include ADNOC, Aramco, BP, Chevron Corporation, ExxonMobil, Indian Oil Corporation, Messer Group, Nel Hydrogen, Reliance Industries, Saudi Aramco, and Shell UAE.