Scaling up the use of hydrogen could unlock £18bn ($23bn) for the UK economy and support as many as 75,000 jobs by 2035, according to a new report that sees ‘blue’ H2 from abated fossil fuels dominating the emerging market for the key energy transition fuel by then.

The Hydrogen Taskforce — a lobby group many of whose members have links to the fossil fuel sector, including oil and gas companies Shell and BP — said in a new economic impact assessment that the UK is well placed to become a global leader in hydrogen production, supplying domestic and European demand.