Clean Hydrogen Project Cancellations Lead to Industry Challenges in 2025
HYDROGEN
The clean hydrogen sector in 2025 saw the cancellation of projects totaling over 4.9 million tonnes of production capacity. Major cancellations included BP’s Duqm Green Hydrogen Project in Oman and the H2Teesside project in the UK, attributed to high costs and insufficient demand.
Analysts noted that only 7% of hydrogen projects finished on time in 2023, decreasing to 4% in 2024. China emerged as a leader with 25 projects initiated, while the US experienced a mix of cancellations and ongoing projects. Experts highlighted hydrogen's necessity in hard-to-abate sectors, yet predicted a decline in its overall demand, especially in Europe.

Mar 6, 2026, 6:48 PM