Thursday, March 12, 2026

Ammonia-to-hydrogen assessment falls in value as gas, ammonia markets both bearish

LONDON(ICIS)–The ICIS Ammonia-to-hydrogen
Northwest Europe assessment posted solid losses
during week 41, however falling gas prices
meant domestic hydrogen production costs
remained at a discount to imported hydrogen
from ammonia.

Ammonia-to-hydrogen production costs on
breakeven basis fell to be assessed at
€11.78/kg of hydrogen on 13 October, a loss of
over €0.50/kg on a weekly basis, ICIS data
showed.

The drop in ammonia prices for northwest Europe

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