Insight
Low-carbon hydrogen in refining: options and economics
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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:
Other reports you may be interested in
Insight
Energy Efficiency Benchmarking For Refining - India's Case Study
WoodMac’s Energy Intensity index: Benchmark and improve energy performance
$900
Asset Report
Kingashsky - Cobalt project
A detailed analysis of the Kingashsky nickel project.
$2,250
Asset Report
Huludao (VR) (closed) zinc smelter
A detailed analysis of the Huludao (VR) zinc smelter.
$2,250
