Methanol & Ammonia as fuels of the future
In a Decarbonized World by 2050, Hydrogen Demand is expected to Grow up to 10-fold, Supported by Drop in Production Costs and Regulatory Push to Address Climate Change
EU to invest >€1tn by 2030 to reduce GHG emissions by 55% EU has committed €37bn of funding to promote Green H2 in Southern Mediterranean (including Egypt and Algeria) between 2021- 2027
US announced $2tn Climate Change Bill investing in clean energies and GHG emissions reduction of 51% by 2030
Japan aims to build a “hydrogen society” by 2030 and achieve carbon neutrality by 2050
. India's government to require refiners and fertilizers to use green hydrogen from 2023, paving the way for a major acceleration in the nation's hydrogen economy
Ammonia and Methanol are the only hydrogen carriers capable of decarbonizing our key sectors. Ammonia and methanol form ~50% of grey hydrogen use and are key products in achieving a green hydrogen economy.
Ammonia and Methanol have a pivotal role in the Global Road-to-Zero Challenge.
With the Advent of the Hydrogen economy, it is critical to clearly understand which of the established hydrogen carriers is the most sustainable and cost-competitive energy carrier. The following compares Methanol, Ammonia, Baseline Gaseous Hydrogen (GH2) and two-way carries like Methyl-cyclohexane/toluene (MCH). These make-up the current list of best long-distance transmitters of Hydrogen.
LEVELIZED COST OF H2 DISTRIBUTED TO END_USER
Large methanol scenario is competitive with the baseline GH2 scenario:
As a carrier, ammonia is more expensive than methanol:
Centralized MCH production scenario slightly more expensive than ammonia:
REFERENCES:
H2@Scale: Outlook of Hydrogen Carriers at Different Scales
D.D. Papadias, J-K Peng, and R.K. Ahluwalia
US Department of Energy Hydrogen Carriers Workshop: Novel Pathways for Optimized Hydrogen Transport & Stationary Storage