European low-carbon hydrogen production cost premium fell below unabated SMR in Q1 of 2023, says ICIS

European low-carbon hydrogen production cost premium dropped below unabated steam methane reforming (SMR) in the first quarter of 2023, according to Independent Commodity Intelligence Services (ICIS).

ICIS’ first Quarterly European Hydrogen Markets update found that high carbon prices pushed unabated SMR above low-carbon hydrogen on a project breakeven basis in the first quarter of 2023 for the ‘first time’ in ICIS assessment history.

The commodity service said over the course of 2022 low-carbon hydrogen production costs using front year power, gas and carbon presented an important new picture of the interaction between low-carbon hydrogen and unbated SMR hydrogen production.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...