Top 10 Companies in the Coal to Hydrogen Industry (2025): Key Players Driving the Clean Energy Revolution

In Business Insights
July 03, 2025

The Global Coal to Hydrogen Market was valued at $12.8 billion in 2024 and is projected to reach $28.4 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period (2024-2032). This significant growth stems from rising demand for low-carbon hydrogen solutions and technological advancements in carbon capture systems integrated with coal gasification processes.

As countries balance energy security with decarbonization objectives, coal-based hydrogen production with carbon capture is emerging as a critical transitional solution. This report profiles the Top 10 Companies in the Coal to Hydrogen Industry that are pioneering cost-effective hydrogen production from coal while implementing carbon management strategies.


🔟 1. China Energy Investment Corporation

Headquarters: Beijing, China
Key Offering: Integrated Coal-to-Hydrogen-Chemicals Complexes

As the world’s largest coal producer, China Energy operates multiple coal gasification facilities producing hydrogen for refinery use, ammonia synthesis, and transportation fuel. Their Ningxia facility is China’s first million-ton coal-to-hydrogen project with CCS demonstration.

Sustainability Initiatives:

  • Pilot carbon capture project capturing 300,000 tons CO₂ annually
  • Hydrogen fueling stations along China’s Hebei-Shandong corridor
  • 30% reduction target for CO₂ emissions intensity by 2025

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9️⃣ 2. Shenhua Group

Headquarters: Beijing, China
Key Offering: Coal Gasification Hydrogen with CCS

Shenhua, merged with China Energy, operates the Ordos coal-to-liquid plant that co-produces hydrogen. Their direct coal liquefaction technology achieves 60% carbon capture rates while producing ultra-clean hydrogen for China’s growing fuel cell vehicle market.

Sustainability Initiatives:

  • First Chinese company to complete CCUS demonstration at scale
  • Partnering on hydrogen fuel cell vehicle fleets in 10 Chinese cities

8️⃣ 3. Air Products

Headquarters: Pennsylvania, USA
Key Offering: Large-Scale Coal Gasification Hydrogen

Air Products operates the world’s largest coal-to-hydrogen facility in Louisiana, supplying refineries with 750 million standard cubic feet per day of hydrogen with 95%+ carbon capture rates using the Vacuum Swing Adsorption process.

Sustainability Initiatives:

  • $4.5 billion blue hydrogen project in Louisiana (2026 completion)
  • Global leader in hydrogen fueling infrastructure

7️⃣ 4. Reliance Industries

Headquarters: Mumbai, India
Key Offering: Coal Gasification to Blue Hydrogen

Reliance is transforming its Jamnagar refinery into a carbon-neutral complex, building coal gasification units to produce blue hydrogen for internal consumption and potential export markets.

Sustainability Initiatives:

  • $10 billion clean energy investment plan
  • Aiming for net-zero by 2035 through carbon capture integration

Download FREE Sample Report:
Coal To Hydrogen Market – View in Detailed Research Report


6️⃣ 5. Yankuang Group

Headquarters: Jining, China
Key Offering: Coal Chemical Hydrogen Production

Yankuang operates China’s first integrated coal gasification combined cycle (IGCC) facility producing hydrogen and power. Their coal-to-hydrogen systems achieve 65% thermal efficiency with carbon capture readiness.

Sustainability Initiatives:

  • Demonstration plant for CO₂-enhanced oil recovery
  • Developing hydrogen-fueled mining equipment

5️⃣ 6. Linde plc

Headquarters: Guildford, UK
Key Offering: Hydrogen from Coal with Carbon Solutions

Linde provides technology for several major coal-to-hydrogen projects in China and is developing next-generation gasification systems with higher efficiency and lower emissions.

Sustainability Initiatives:

  • Carbon capture technology deployed at multiple sites
  • Global leader in hydrogen infrastructure and applications

4️⃣ 7. Sasol

Headquarters: Johannesburg, South Africa
Key Offering: Coal-to-Liquids with Hydrogen Byproduct

Sasol’s coal-to-liquids facilities in South Africa produce significant hydrogen volumes as a byproduct. The company is exploring CCS options to decarbonize this hydrogen stream.

Sustainability Initiatives:

  • Pilot carbon capture project at Secunda facility
  • Exploring green hydrogen integration opportunities

3️⃣ 8. Pingmei Shenma Group

Headquarters: Pingdingshan, China
Key Offering: Hydrogen from Coal Pyrolysis

This Chinese state-owned enterprise operates coal pyrolysis facilities producing hydrogen for chemical, refining, and transportation applications, with plans for large-scale carbon capture deployment.

Sustainability Initiatives:

  • Partnering with Sinopec on hydrogen refueling infrastructure
  • Demonstration projects for carbon utilization

2️⃣ 9. Japan Coal Energy Center

Headquarters: Tokyo, Japan
Key Offering: Clean Coal Hydrogen Technologies

JCOAL leads Japanese efforts to develop low-emission coal-to-hydrogen technologies, including advanced gasification systems and carbon capture solutions tailored for hydrogen production.

Sustainability Initiatives:

  • Demonstration projects for hydrogen production from Australian coal
  • Working on carbon-negative hydrogen production pathways

1️⃣ 10. BHP

Headquarters: Melbourne, Australia
Key Offering: Coal to Hydrogen with CCS

The mining giant is exploring coal-to-hydrogen projects in Australia with carbon capture and storage, leveraging its coal assets and geological storage expertise for potential hydrogen exports to Asia.

Sustainability Initiatives:

  • Partnering on Australian CCUS projects
  • Committed to net-zero operational emissions by 2050

Get Full Report Here:
Coal To Hydrogen Market – View in Detailed Research Report


🌍 Market Outlook: The Role of Coal in the Hydrogen Economy

Coal to hydrogen technology presents a paradox – offering both a pathway to accelerate hydrogen adoption while simultaneously requiring solutions for its carbon emissions. These market leaders demonstrate how strategic carbon management can position coal as a transitional hydrogen source.

📈 Key Market Trends:

  • China driving 80% of global coal-to-hydrogen demand through 2030
  • Carbon capture costs falling below $50/ton for optimal projects
  • Hybrid systems combining coal gasification with renewable hydrogen
  • Growing Asian interest in hydrogen exports via converted coal infrastructure

Get Full Report Here:
Coal To Hydrogen Market – View in Detailed Research Report

As the industry evolves, these companies are proving that with proper carbon management, coal can play a meaningful role in building the hydrogen economy while supporting decarbonization goals.