42nd Week Carbon Credit Markets 2025. Green hydrogen: IEA, Plug Power, Sines, Chile, French Guiana, China, NEOM, Japan, Namibia, Brazil and new scientific frontiers advance the energy transition
- Art Dam
- 40 minutes ago
- 7 min read
Monday, 27 October 2025.
In the 42nd Carbon Credit Markets 2025 week, we continue at a fast pace towards COP30.
As we anticipated last week, our coverage has taken on a new rhythm and format — reflecting the intensity of the debates and the initial advances already driving COP30 in Belém.
To follow every step of this 6,000-kilometer journey to the Amazon's gateway, connect with Carbon Credit Markets and the COP Experience coalition on social media. We'll be bringing you strategic updates straight from the conference. Useful links are at the bottom of the page.
In the last issue, our article on Agribusiness received widespread attention and was followed by a series of significant official announcements. Here are some highlights:
And without straying from Carbon Credits, today we explore Hydrogen: the new, silent industrial revolution? Throughout this article, you'll see that major transformations don't always make noise—and this idea is confirmed even more clearly in today's conclusion.
The global green hydrogen outlook is strengthened by the IEA report and the creation of a spot pricing platform by Plug Power and S&P Global Platts, signaling market development. The partnership between Daimler Truck, the Port of Hamburg, and Kawasaki strengthens logistics infrastructure, while Portugal is moving forward with a 100 MW electrolyzer in Sines.
In Latin America, Chile is accelerating its green hydrogen and e-fuels project in Punta Arenas, while French Guiana is entering the race with promising initiatives, reflecting the geographic expansion of the energy transition. Finally, China is showcasing hydrogen-powered vessels at COP30, symbolizing the advancement of clean mobility and climate engagement on an international scale.
Finally, we highlight a series of articles covering global advances in green hydrogen: from the NEOM mega-plant in Saudi Arabia to nuclear production in the US, infrastructure in China and Europe, Japanese pioneering, African expansion with Namibia, natural potential in Brazil, and olivine as a new scientific frontier.
Enjoy your reading—as we continue to await NDCs from strategic players such as the European Union, China, India, Indonesia, and Mexico. It's also worth noting that Malaysia and South Africa officially deposited their contributions on October 24th.
The International Energy Agency's (IEA) Global Hydrogen Review 2025 report offers a strategic overview of the advancement of the hydrogen economy, highlighting the growth of projects, policies, and investments on a global scale. Focusing on accelerating the production and use of low-carbon hydrogen, the document analyzes the regulatory, technological, and financial challenges that still limit its potential—and proposes ways to expand its contribution to the energy transition.
Plug Power and S&P Global Platts Partnership: First Spot Pricing Platform for Green Hydrogen.
The platform allows for immediate liquid hydrogen purchases, without the constraints of long-term contracts. The flexibility afforded by this new spot market allows customers, such as retailers, industrial manufacturers, and power plant operators, to efficiently optimize their hydrogen supplies, reacting quickly to fluctuations in energy demand. The press release also mentions that S&P Global Platts will publish weekly prices based on Plug Power's production and demand. All three of Plug Power's operating plants in the United States participate in this program, with a combined production capacity of approximately 45 tons per day. Click for the press release.
On October 22, 2025, Daimler Truck AG, the Port of Hamburg in Germany (Hamburger Hafen und Logistik AG, HHLA), and Kawasaki Heavy Industries Ltd. signed a Memorandum of Understanding during the Hydrogen Technology World Expo to develop an international supply chain for green liquid hydrogen. The partnership aims to import renewable hydrogen into Europe via the Port of Hamburg, with distribution to the continent's hinterland, leveraging the logistics infrastructure of HHLA—one of Europe's leading port and intermodal operators. Combining Kawasaki's technological expertise and Daimler's commitment to zero-emission transportation, the project aims to accelerate the decarbonization of the heavy-duty mobility sector and consolidate the strategic role of liquid hydrogen in Europe's energy transition.
Portugal at the Forefront of Green Hydrogen: Plug Power Delivers Electrolyzer for 100MW Project in Sines.
In a press release on October 3, Plug Power announced the delivery of its first electrolyzer for the 100MW green hydrogen project at Galp's Sines refinery—one of the largest in Europe, located on the southwest coast of Portugal. The system is capable of producing up to 15 tons of hydrogen per day, reinforcing the refinery's strategic role in the energy transition and clean energy distribution.
This isn't the first time we've highlighted green hydrogen projects in the region. In May 2024, we mentioned Madoqua Renewables, the winner of the MadoquaPower2X project, also based in Sines.
Europe is accelerating its strategic and financially robust move toward renewable hydrogen, with billion-dollar investments and public policies focused on industrial decarbonization and energy security. Germany, France, and Portugal are leading large-scale initiatives, while the European Commission is pushing incentives and regulations to build a competitive and sustainable value chain. Green hydrogen is emerging as a key component in achieving climate goals and reducing dependence on fossil fuels, especially in hard-to-decarbonize sectors such as heavy-duty transportation and the chemical industry.
Green Hydrogen and E-Fuels in Chile's Far South Gaining Global Scale.
In November 2022, Carbon Credit Markets readers read about the Haru Oni project, developed by HIF Global in Punta Arenas, Chile, as a pioneering initiative in the production of carbon-neutral synthetic fuels. Using wind power to generate green hydrogen, which is combined with CO₂ captured from the atmosphere, the plant produces methanol and synthetic gasoline that can power conventional vehicles. With partners such as ExxonMobil and Porsche, the project had already produced its first liters of e-fuel and represents a significant advance in the global energy transition.
In September 2025, the initiative continues to advance as a global benchmark in the production of carbon-neutral synthetic fuels. The plant has already achieved commercial exports, operates with ISCC Plus certification, and is preparing to install a direct air carbon capture (DAC) unit. With support from international partners and highlighted at events such as the 43rd IPHE meeting, the project plans to expand its production capacity to up to 550 million liters per year by 2027, solidifying Chile as a strategic hub in the energy transition.
French Guiana is accelerating in the green hydrogen race, as are many other places around the world.
Since the publication of the original article in November 2022 on the Carbon Credit Markets portal, updated in April 2024, the CEOG (Centrale Électrique de l’Ouest Guyanais) project has made significant progress. In January 2025, 26 hydrogen storage tanks were installed, a key milestone in the plant's infrastructure. In April 2025, HDF Energy began installing the fuel cells, which will convert hydrogen into electricity, ensuring a continuous supply even in the absence of sunlight. With the capacity to power approximately 10,000 homes, CEOG is consolidating itself as the world's first multi-megawatt green hydrogen plant.
The project integrates a 55 MWp solar park, a 16 MW electrolyzer with an estimated annual production of 600 tons of green hydrogen, and state-of-the-art energy storage and conversion systems. This combination represents an innovative and scalable model for energy-deficient regions, such as western French Guiana, as we mentioned in a recent TV interview. CEOG reinforces French Guiana's role in the global energy transition and serves as a technological showcase for clean and sustainable solutions.
Here you can follow the next steps and be impressed by the technical details of HDF Energy projects on every continent.
Hydrogen-powered vessels at COP30. Using technology developed by Chinese automaker GWM, they will be officially unveiled in Belém, representing a milestone for sustainable maritime transport and the global energy transition.
Carbon Credit Markets and its partner portal Hydrogen Markets have numerous practical publications on how the use of hydrogen has evolved strategically since 2022. Below is a selection for you to review.
Saudi Arabia. The world's largest green hydrogen plant. The NEOM Green Hydrogen project is in an advanced stage of construction, with production expected to begin by the end of 2026.
United States. First production of clean hydrogen from nuclear power.
China. The first long-distance hydrogen pipeline.
Europe. About the underwater hydrogen pipeline between Spain and France.
Japan. Pioneering the energy potential of hydrogen.
Namibia, Green Hydrogen. From Potential to Key Supplier for Industrial Uses in Europe.
Brazil. On the high natural hydrogen potential of the São Francisco River basin.
Olivine: A New Super Mineral for Natural Hydrogen Production and Marine CO2 Capture?
Technology and the World Intellectual Property Organization (WIPO) PatentScope. This allows you to see what already exists regarding patented technologies (which you will one day have to pay to use, if you didn't patent them yourself...).
To conclude, a simple and valuable suggestion: when you come across headlines like "world's first" or "the definitive solution" it's worth taking a critical look. Not every innovation makes a splash—the biggest ones happen away from the spotlight. Below are some inspiring examples of hydrogen's use in transportation.
Aviation. Launched by the Soviet Union in 1988, the Tupolev Tu-155 is considered the world's first experimental aircraft powered by liquid hydrogen. More recently, in 2022, the American company Pratt & Whitney launched the HySIITE (Hydrogen Steam Injected, Inter-Cooled Turbine Engine), an innovative concept that combines hydrogen with other turbine technologies. Pratt & Whitney has conducted promising tests and continues to refine the technology for future deployment.
Shipping. In 2021, the Norwegian company Norled launched the MF Hydra, recognized as the world's first hydrogen-powered commercial vessel, operating with a hybrid fuel cell and battery system on a regular route in Norway, marking a pioneering advance in the decarbonization of maritime transport.
Rail. In September 2023, Polish company PESA launched Europe's first hydrogen-powered shunting locomotive, with zero emissions and a focus on sustainable rail operations.
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