Hydrogen Cost in Belgium
The chart above illustrates Hydrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Hydrogen, Belgium, contract price, exw, formula
- cash cost, on-site: Hydrogen, Belgium, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Belgium, cash cost, formula, off-site (large supplier)
In May 2023, the contract price on an ex-works basis for Hydrogen in Belgium reached 22.90 USD cent per normal cubic meter, representing an 11.39% decrease compared to April 2023. Looking at the broader trend, Hydrogen prices in Belgium have declined by 33.27% over the 12-month period from May 2022 to May 2023. The on-site cash cost for Hydrogen in Belgium stood at 18.70 USD cent per normal cubic meter in May 2023, down 12.04% from the previous month in April 2023. Throughout the past year, the on-site hydrogen costs in Belgium have experienced a total reduction of 35.96%. The off-site cash cost for Hydrogen supplied by large suppliers in Belgium was 16.60 USD cent per normal cubic meter in May 2023, marking a 13.99% decrease from April 2023. Over the 12-month period, off-site hydrogen supply costs in Belgium have fallen by 37.81%.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
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About Hydrogen
Hydrogen is a vital utility in process industries, especially in refining and chemical manufacturing. It is used in hydrogenation reactions, hydrocracking, and as a reducing agent, playing a key role in producing cleaner fuels and specialty chemicals.