The use of Hydrogen for energy can help significantly to reach net zero emissions by 2050.
The top hydrogen producing companies are building a new hydrogen infrastructure to meet the energy demands of the future.
As per the IEA (international energy agency) Global Hydrogen Review 2023, The production of the low-emission hydrogen could reach 38 Mt in 2030.
To reach net zero emissions by 2050, annual clean energy investment worldwide will need to more than triple by 2030 to around $4 trillion.
In this article, we will explore the top 10 Hydrogen Producing companies with their market cap, expertise, latest projects and future plans.
1. Linde plc
Linde Plc is leading hydrogen producing company founded in the year 1879. The company headquarters is in England.
Linde has an expertise in hydrogen production, distribution and storage. It has market share of 207.64 Billion as per its financial reports 2024.
The company has 200 hydrogen refueling stations and 80 hydrogen electrolysis plants worldwide.
Also, the company boasts operating the world’s first high-purity hydrogen storage cavern.
Linde Plc became the leading green hydrogen supplier company thought its joint venture with ITM Power.
In 2024, Linked plc launched a 24 MW green hydrogen powerplant in Norway. This project will save up to 41,000 tons of carbon dioxide emissions annually.
2. Air Products & Chemicals, Inc.
Air Products & Chemicals, Inc, founded in 1940, is world leader in the hydrogen feuiling infrastructure. The company headquarters is in Allentown, Pennsylvania, USA.
In 1970, the company had got the $287 million contract to supply liquid nitrogen for 12 years to NASA.
In 2024, The company has market cap of $ 64 Billion as per its annual reports and has more than 750 production facilities.
The company has involvement in the four major clean hydrogen megaprojects including NEOM Green Hydrogen Complex, Canada Net-Zero Hydrogen Energy Complex, Louisiana Clean Energy Complex, New York Green Hydrogen Facility.
3. Air Liquide
Air Liquide was founded in 1902 in France and has since grown to become one of the world’s largest suppliers of hydrogen.
As of June 2024, Air Liquide’s market capitalization is approximately $ 94.98 billion
The company built the First high pressure hydrogen refueling station for long haul trucks in Europe
Also, In 2023, the company paved the way for ammonia conversion into hydrogen with new cracking technology. Air Liquide announced the construction of an industrial scale ammonia (NH3) cracking pilot plant in the Belgium.
Air Liquide plans to invest around €8 billion in capital expenditures by 2035. This investment will likely go towards expanding their hydrogen production capabilities, infrastructure, and related technologies.
4. BP PLC
Founded in 1909, BP p.l.c is oil and gas company based in England. The company has total market cap of $ 98.74 billion as of 2024.
The company has developed more than 10 hydrogen projects in US, Australia and Europe.
BP set the target to produce up to 0.7 MT of low carbon hydrogen per year.
The company also has a strong hydrogen infrastructure with pipeline of 2.8 MT annually of the hydrogen producing capacity.
Australian renewable energy hub, Hy Green Teesside & H2 Teesside and Hyval are ongoing projects aimed at improving the hydrogen production, distribution and storage capacity.
5. Aramco
Founded in 1909, Aramco is petroleum oil and gas company based in Saudi Arabia. The company has total market cap of $ 6.7 Trillion as of 2024.
The company started the first hydrogen fueling station in Saudi Arabia in 2019.
In 2020, the company has successfully demonstrated world’s first production and shipment of blue ammonia from Saudi Arabia to Japan.
Aramco is playing a key role in strengthening the blue ammonia supply-chain.
6. Engie
Engie was founded in 2008, and has headquarters in France. The company has a market cap of USD 33.17 million .
The company works primarily in three major areas of hydrogen for industrial uses, hydrogen mobility and hydrogen energy vector.
Engie’s HyGREEN Provence project produces, distributes and store the alt cavity storage sites to supply green mobility stations.
Engie is also working on the Zero Emission Valley on building 20 hydrogen stations by 2030.
Additionally, Engie operates the hydrogen re-fuelling station for the train in Netherlands.
7. Siemens Energy AG
Simens energy is founded in 2020 from the separation of Siemens’ former Gas and Power division. In 2024, the company has a market cap of USD 19.14 billion.
In 2023, the company began the electrolysis stacks production in Berlin. The company aims to increase the hydrogen production capacity of 3 GW by 2025.
The Simens Energy AG has contributed to the leading upcoming projects such as Air Liquide’s plant in the Port-Jérôme industrial zone, 54 MW PEM-electrolyzer for BASF’s Ludwigshafen site, and implementation of an electrolyzer plant in the 50 MW range in denmark.
Simens will also be involved in large scale project H2FUTURE. The company will play a
Central role in installing 6 MW PEM electrolysis system.
8. Equinor
Founded in 1972, Equinor has headquarters in Norway. The company is one of the largest hydrogen producers and suppliers to Europe with market share of $80.74 Billion
Equinor is planning to develop the low carbon hydrogen value chain in North-West Europe.
The company has an ambition to increase the market share in Eurpoe to 10% by 2030.
Along with Linde, Equinor is building low carbon hydrogen project in the Netherlands. The project is named as H2M Eemshaven and has capacity of 1 GW producing 200 kilotons annually.
9. ExxonMobil
ExxonMobil founded in 1982 is multinational oil and gas corporation with market share of $496.86 Billion.
The company has announced to build the world scaled blue hydrogen facility in Texas.
ExxonMobil has set the target of 2050 net-zero emissions and to support this initiative, the company has been increasing the hydrogen production infrastructure.
10. Messer Group
Founded in 1898, Messer Group has headquarters in Germany. Known as the leading supplier of the gas and oil products.
Messer group is involved in the production of hydrogen, supply and storage and filing technology.
Messer has recently innovated the cooler hydrogen refueling with low operating cost and free of maintenance.
Also, the company has been the hydrogen supplier for the largest electric bus fleets in the USA. Messer has been involved in the Spain’s largest 150 MW electrolyser.