Ammonia-to-hydrogen price assessments continue to fall in value amid bearish gas – ICIS.
The ICIS ammonia-to-hydrogen Northwest Europe assessment posted losses for a second straight week as continuing pressure on pricing came from a bearish TTF natural gas hub.
Nonetheless, the ammonia-to-hydrogen Northwest Europe assessment saw its premium to low carbon hydrogen alternatives swell further.
Ammonia-to-hydrogen production costs on breakeven basis fell to be assessed at €11.63/kg of hydrogen on 20 October, a loss of just 0.15 euro cent on a weekly basis.
For comparison, the Dutch low carbon ATR hydrogen month+1 assessment fell by more than €1.50/kg on a weekly basis to be assessed at €7.62/kg on 20 October, dragged lower by steep losses on the European gas hubs.
European gas hubs remained bearish on the back of solid LNG supply…