Hydrogen Cost in Finland
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, Finland, contract price, exw, formula
- cash cost, on-site: Hydrogen, Finland, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Finland, cash cost, formula, off-site (large supplier)
Hydrogen contract prices at ex-works point in Finland reached 30.5 USD cent per normal cubic meter in May 2023, representing a 15.72% decrease compared to April 2023. Throughout the twelve-month period, the pricing for Hydrogen in Finland declined by 36% when comparing May 2023 to May 2022. The on-site cash cost for Hydrogen production in Finland stood at 25.5 USD cent per normal cubic meter in May 2023, marking a 17.74% reduction from the previous month. Across the full year, Hydrogen costs at on-site facilities in Finland experienced a cumulative decline of 39%. The off-site cash cost for Hydrogen supplied by large suppliers in Finland was 23.6 USD cent per normal cubic meter in May 2023, showing an 18.62% decrease from April 2023. Over the past year, Hydrogen off-site supply costs in Finland fell by 41% in total.
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.