HYDROGEN investment platform Hy24 will initially be colour agnostic when it comes to the types of clean hydrogen projects it invests in but, with the fund's focus on electrolysis schemes in the first instance, there may not be much room for blue hydrogen. Blue hydrogen is derived from natural gas through the process of steam methane reforming (SMR), but unlike traditional SMR hydrogen production, some, but all, of the associated carbon emissions are captured and stored. The fund's co-founder, and FiveT Hydrogen chief executive, Pierre-Etienne Franc told Upstream that while Hy24 will likely invest in some blue hydrogen projects, he views such developments as carbon dioxide projects, rather than hydrogen projects.
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