The Global By-Product Hydrogen Market was valued at USD 1.85 Billion in 2024 and is projected to reach USD 3.12 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024-2032). This growth is driven by increasing demand for clean energy solutions and the circular economy’s expansion, with industries recognizing hydrogen captured from production processes as a valuable energy resource.
As global industries shift toward decarbonization, companies that efficiently recover and repurpose hydrogen by-products from industrial operations are emerging as sustainability leaders. This report profiles the Top 10 By-Product Hydrogen Companies pioneering hydrogen recovery technologies and supply chain innovations.
🔟 1. Air Products
Headquarters: Allentown, Pennsylvania, USA
Key Offering: Hydrogen recovery systems, refinery hydrogen solutions
Air Products leads the industrial gas sector with advanced by-product hydrogen solutions, serving petrochemical and refining industries worldwide with its hydrogen recovery and purification expertise.
Sustainability Initiatives:
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World’s largest hydrogen pipeline network (600+ miles)
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$15 billion commitment to low-carbon hydrogen projects
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Pioneering hydrogen fueling infrastructure for transportation
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9️⃣ 2. Linde plc
Headquarters: Guildford, UK
Key Offering: Hydrogen purification plants, refinery hydrogen networks
Linde’s cryogenic hydrogen purification technology sets industry benchmarks for by-product hydrogen recovery efficiency and purity levels suitable for fuel cell applications.
Sustainability Initiatives:
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1,000+ hydrogen plants operational worldwide
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Chlor-alkali by-product hydrogen optimization projects
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Carbon capture integration with hydrogen production
8️⃣ 3. Technip Energies
Headquarters: Nanterre, France
Key Offering: Modular hydrogen recovery units, plant engineering
Technip Energies delivers turnkey solutions for by-product hydrogen capture, particularly in refinery and petrochemical applications, with proprietary compression technology.
Sustainability Initiatives:
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25+ global hydrogen projects in development
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Digital twin technology for hydrogen plant optimization
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Waste hydrogen-to-energy conversion systems
7️⃣ 4. Honeywell UOP
Headquarters: Des Plaines, Illinois, USA
Key Offering: Pressure swing adsorption systems, hydrogen purification
Honeywell’s UOP division provides the industry’s most widely adopted PSA technology for upgrading by-product hydrogen to fuel-cell grade quality.
Sustainability Initiatives:
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1,200+ PSA units installed globally
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Next-generation membrane separation technology
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Refinery decarbonization solutions
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By-Product Hydrogen Market – View in Detailed Research Report
6️⃣ 5. Zhejiang Jiahua Energy Chemical Industry
Headquarters: Jiaxing, China
Key Offering: Chlor-alkali hydrogen by-products, hydrogen energy solutions
As one of China’s largest chlor-alkali producers, Zhejiang Jiahua has built comprehensive hydrogen recovery infrastructure and distribution networks.
Sustainability Initiatives:
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50+ million m³ annual by-product hydrogen capacity
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Yangtze River Delta hydrogen fueling stations
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Fuel cell vehicle pilot programs
5️⃣ 6. Wanhua Chemical Group
Headquarters: Yantai, China
Key Offering: Petrochemical process hydrogen, hydrogen logistics
Wanhua Chemical leverages its extensive petrochemical operations to supply purified by-product hydrogen to industrial users across China.
Sustainability Initiatives:
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8 production bases with hydrogen recovery systems
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Strategic partnerships with fuel cell manufacturers
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Hydrogen storage infrastructure development
4️⃣ 7. Befar Group
Headquarters: Binzhou, China
Key Offering: Chlor-alkali hydrogen, industrial hydrogen solutions
Befar Group operates one of China’s largest chlor-alkali production capacities with integrated hydrogen recovery and utilization systems.
Sustainability Initiatives:
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100+ million m³ annual hydrogen production
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Shandong Province hydrogen refueling network
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Industrial hydrogen applications development
3️⃣ 8. Zhejiang Satellite Petrochemical
Headquarters: Jiaxing, China
Key Offering: PDH process hydrogen, hydrogen distribution
Satellite Petrochemical commercializes hydrogen by-products from its propane dehydrogenation operations, supplying clean hydrogen to regional markets.
Sustainability Initiatives:
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China’s first large-scale PDH hydrogen project
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20,000 Nm³/h hydrogen production capacity
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Hydrogen mobility infrastructure investments
2️⃣ 9. SP Chemicals
Headquarters: Singapore
Key Offering: Petrochemical by-product hydrogen, specialty gas solutions
SP Chemicals operates integrated petrochemical complexes in China and Southeast Asia with growing hydrogen recovery capabilities.
Sustainability Initiatives:
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Hydrogen purification facility expansion
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Electronics industry hydrogen supply
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Hydrogen export feasibility studies
1️⃣ 10. Fujian Yongrong Holding Group
Technip S.A.
Headquarters: Paris, France
Key Offering: Hydrogen plant design, modular recovery solutions
Technip provides engineering solutions for by-product hydrogen recovery across refineries and chemical plants, with specialized compression technology and modular designs.
Sustainability Initiatives:
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CO2-lean hydrogen production technologies
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Hydrogen-to-ammonia conversion systems
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Digital optimization of hydrogen plants
Get Full Report Here:
By-Product Hydrogen Market – View in Detailed Research Report
🌍 Outlook: Future Growth Drivers of By-Product Hydrogen
The by-product hydrogen market is entering a phase of strategic transformation, with industrial operators recognizing hydrogen recovery as both an economic opportunity and sustainability imperative.
📈 Key Market Trends:
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Increasing hydrogen purity requirements for fuel cell applications
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Integration of hydrogen recovery with carbon capture systems
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Government policies incentivizing industrial hydrogen utilization
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Advancements in membrane and PSA purification technologies
Get Full Report Here:
By-Product Hydrogen Market – View in Detailed Research Report
The companies profiled above are transforming industrial operations by converting waste streams into clean energy resources, demonstrating the practical implementation of circular economy principles in heavy industry.
