LONDON (ICIS)–The ICIS Northwest Europe ammonia-to-hydrogen price eased back to its lowest value in six weeks on the final day of November, but larger falls were witnessed in values of other forms of hydrogen generation.
The ammonia-to-hydrogen price fell by €0.08/kg on a weekly basis to stand at €6.07/kg on 30 November, the lowest value since 19 October.
The ammonia-to-hydrogen price reflects the cost of importing fossil-based ammonia to northwest Europe and then decomposing that ammonia into hydrogen. The ammonia price referenced is the ICIS CFR Northwest Europe Duty Unpaid assessment, published every working Thursday.
Baseload electrolysis using Dutch front-month power prices recorded the largest weekly drop, down close to €0.50/kg week on week to come in at €6.44/kg, the lowest price since the end of September and a narrow €0.37/kg premium to ammonia-to-hydrogen.
Published by: www.icis.com
Gary Hornby
01-Dec-2023
