The latest report titled “Hydrogen Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Hydrogen.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Hydrogen production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Hydrogen Production Process:

1. Hydrogen Production from Natural Gas Partial Oxidation : This report covers a detailed cost analysis of Hydrogen production using Natural Gas Partial Oxidation. Methane, along with additional hydrocarbons of natural gas, reacts with oxygen in low quantities in order to oxidize the hydrocarbons to carbon dioxide and water. The final by-products are primarily hydrogen and carbon monoxide.

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2. Hydrogen Production from Natural Gas Steam Reforming : This report covers a detailed cost analysis of Hydrogen production using Natural Gas Steam Reforming. In the process of steam, methane is re-forming. At the same time, a catalyst is present where methane is reacted to form carbon monoxide, hydrogen, and in comparison, a little carbon dioxide with steam under 3-25 bar stress (1 bar= 14.5 psi). 

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3. Hydrogen Production from Water Electrolysis : This report presents the economics of Hydrogen production from Water Electrolysis. The process uses electricity to separate water into hydrogen and oxygen. 

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Product Definition:

Hydrogen is the highly plentiful chemical element in the entire universe. It is the first element present in the periodic table. The molecular formula of hydrogen is H2, and it is a gas that is composed of diatomic molecules. Hydrogen is extracted from various sources such as biomass, solar, natural gas, and wind energy and is referred to as clean energy. It has multiple versatile properties, so it is a desirable fuel option other than fossil fuels. The molecular weight of hydrogen is 2.01 g/mol. Hydrogen is produced by water electrolysis from the steam reforming of natural gas.  This report provides a detailed cost analysis of Hydrogen production through Natural Gas Partial Oxidation.

Market Drivers:

It is also being used in industries like steelmaking, where hydrogen might replace coal and other carbon-emitting fuels that are required for the process. Also, it might be used to make concrete, furthering its demand. Hydrogen is employed for generating power and grid balancing; it is used in Centralized power, like storage and distributed power, such as off-grid backup power. It is also used as a fuel in transportation (including material handling, captive fleets, light, and heavy-duty vehicles, rail etc. It also finds application as a Feedstock for industries such as methanol, steel, ammonia, and refineries and in long-distance transport (marine and aviation) along with fuel in commercial and residential buildings (including blending into the gas grid, combined heat, and power. Hence, the long list of hydrogen uses impacts the market’s expansion.

Key Questions Answered in the Hydrogen Production Cost Report:

• What are the key drivers propelling the Hydrogen market?
• What are the various processes used for Hydrogen production?
• What are the raw materials required to produce Hydrogen?
• What are the different operations units involved in the production of Hydrogen?
• What are the manpower and utility requirements in the production process of Hydrogen?
• What are the various costs engaged in the production of Hydrogen?
• What are the construction costs involved in setting up a Hydrogen production facility?
• What are the working capital requirements?
• What is the process of raw material procurement for Hydrogen production?
• What is the time frame for Hydrogen plant start-up?
• What is the pricing mechanism of Hydrogen?

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

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