Hydrogen Cost in Philippines
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, Philippines, contract price, exw, formula
- cash cost, on-site: Hydrogen, Philippines, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Philippines, cash cost, formula, off-site (large supplier)
In May 2023, the contract price on an ex-works basis for Hydrogen in Philippines reached 22.20 USD cent per normal cubic meter, representing a slight decline of 1.80% compared to April 2023. Throughout the 12-month period, Hydrogen contract prices in Philippines experienced a cumulative decrease of 11%. During May 2023, the on-site cash cost for Hydrogen in Philippines stood at 12.80 USD cent per normal cubic meter, showing a recovery of 4.92% from the previous month. Over the past year, Hydrogen on-site production costs in Philippines have declined by 17% in total. As of May 2023, the off-site cash cost for Hydrogen in Philippines was recorded at 11.90 USD cent per normal cubic meter, marking a 5.31% increase from April 2023. Comparing to May 2022, Hydrogen off-site supply costs in Philippines have fallen by 18% over the 12-month span.
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.
Other Utility Costs
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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.