×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Insight

Low-carbon hydrogen in refining: options and economics

Get this report

$900

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

23 May 2022

Low-carbon hydrogen in refining: options and economics

Report summary

About 65% of refinery hydrogen demand is met by hydrogen produced as a by-product of refinery processes. By-product hydrogen is less likely to be replaced by low-carbon hydrogen as units producing hydrogen are integral part of refining and chemical sites meeting fuels and chemicals demand. Low-carbon hydrogen is likely to replace on-purpose hydrogen if low-carbon hydrogen becomes cost competitive and policy support develops over time. Replacing fossil fuels in combustion application to generate heat and steam could provide a larger market for low-carbon hydrogen in refining. In addition to the falling costs for low-carbon hydrogen, higher carbon prices, financial incentives and stronger policy support will be necessary to accelerate its production and stimulate demand in refining. Replacement economics for low-carbon hydrogen are hugely dependent upon coal, gas, carbon and renewable power prices and hence are very refinery site and country specific.

Table of contents

  • Executive Summary

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Low Carbon Hydrogen In Refining Options And Economics.pdf

    PDF 1.20 MB

  • Document

    Low-carbon hydrogen in refining: options and economics

    PDF 715.10 KB