Dutch Hydrogen Market Shows Growth but Project Progression Remains Muted, Reports ICIS

"Although there has been a mix of feedback from the market behind a lack in FID and project progression, a balance to this is that projects simply take time to reach such final decisions. While there are wider influences in the mix, there is also a strong level of activity and confidence in the market, as can be seen by new announcements on both supply and demand," says Daniyal Sheikh, Hydrogen Market Analyst at ICIS.

"Finally, in the case of the Netherlands, supply-side projects far outweigh currently announced demand, indicating that would-be producers could be hesitant amid high competition for securing offtake. Meanwhile, on the demand side, willingness to pay shows limited overlap with expected production costs, again a potential cause of hesitation," concludes Sheikh.

About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more. Over 150 years of shaping the world by connecting markets to optimise the world's valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.

ICIS is part of RELX, a FTSE15 company with a market cap of £65.9bn and an employee base of over 35,000 experts across 40 countries.

About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £65.5bn | €78bn | $85bn.

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