Our customers typically already purchase substantive volumes of hydrocarbons, such as natural gas and diesel, to meet their energy needs. They are now seeking, through the substitution of LCI fuels, realistic, cost-effective opportunities to reduce their GHG emissions.
Government regulations are one of the factors driving this need of our customers to reduce their GHG emissions. Another is market expectations while a third is internal Environmental, Social and Governance (“ESG”) obligations.
The most likely near-term LCI hydrogen markets include municipal (residential) natural gas heating systems; gas-fired electricity generating plants; and hydrogen fueling stations for both passenger vehicles and heavy-duty transport trucks. Future markets likely include airline LCI fuels, broader industry incorporation of LCI hydrogen into their processes and eventually LCI fuel exports, as either liquified hydrogen or ammonia.
