Liquid Organic Hydrogen Carrier (LOHC) Market to reach USD 1.6 billion in 2030, at a CAGR of 5.4%.

The Liquid Organic Hydrogen Carrier (LOHC) Market was at USD 0.89 billion in 2023-e and projected to grow at a CAGR of 5.4% through 2030 to reach USD 1.6 billion. Dibenzyltoluene (DBT) is a specific type of LOHC that plays a crucial role in the storage and transportation of hydrogen. The role of dibenzyl toluene involves acting as a hydrogen carrier by undergoing reversible hydrogenation and dehydrogenation reactions. During hydrogenation, DBT absorbs hydrogen and forms a hydrogenated state, storing the hydrogen within its molecular structure. This reversible process allows for the controlled storage and release of hydrogen, making it a key component in the overall functionality of LOHCs.

Hydrogenation is the most often employed process in LOHC systems. During the hydrogenation process, LOHC absorbs hydrogen, undergoes chemical transformation, and stores the hydrogen. In the presence of hydrogen, this mechanism converts cyclohexane into methylcyclohexane as an illustration. Hydrogenation offers the advantage of safely, effectively, and gently storing hydrogen in a chemically linked form. LOHC is useful for a variety of applications, including energy storage and transportation, because of its reversible mechanism, which allows it to quickly absorb and release hydrogen.

Liquid Organic Hydrogen Carriers have notable applications in the chemical industry. Hydrogen is a crucial feedstock in various chemical processes, including the production of ammonia, methanol, and other chemicals. Hydrogen produced from renewable sources can be stored in LOHCs, enabling the chemical industry to reduce its carbon footprint. By using green hydrogen in chemical processes, industries can contribute to sustainable and environmentally friendly practices. The reversible hydrogenation and dehydrogenation reactions contribute to the overall efficiency of LOHCs. The use of LOHCs can play a pivotal role in the integration of hydrogen as a versatile and clean energy carrier in the chemical sector.

LOHCs are particularly well-suited for both low and medium-term hydrogen storage. LOHCs offer a safer alternative to traditional hydrogen storage methods. Since hydrogen can be stored in a liquid state within the LOHC at ambient conditions, the risks associated with high-pressure gas storage or cryogenic conditions are significantly reduced. This makes LOHCs suitable for low and medium-term storage applications where safety is a priority. In comparison to other storage methods, LOHCs can offer cost-effective solutions for low and medium-term storage needs. These characteristics make them suitable for a range of applications, from industrial processes with fluctuating hydrogen demands to providing backup power in various settings.

Academic institutions, research organizations, and industry players in North America have been involved in research and development activities related to LOHCs. This includes efforts to enhance the efficiency, scalability, and economic viability of LOHC technology. North American countries, including the US and Canada, have been formulating and updating hydrogen strategies as part of their broader efforts to transition to clean energy. LOHCs are considered a potential solution for hydrogen storage, transportation, and utilization in these strategies. Various sectors, including the energy, transportation, and industrial sectors, are exploring the use of LOHCs for hydrogen storage and transport. The ability to store and release hydrogen under milder conditions is attractive for applications in diverse industries.

Prominent players include Chiyoda Corporation, Clariant, Covalion, CRI Company, Fraunhofer Institute for Solar Energy Systems, Hydrogen Application & Energy Corporation (HTEC), Huntsman, Hydrogenious LOHC Technologies, Hynertech, Nippon Shokub, Linde, Wuhuan Engineering.