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 for Hydrogen delivered ex-works in Philippines stood at 22.20 USD cent per normal cubic meter, representing a slight decline of 1.80% from April 2023. Comparing the current month to May 2022, contract prices for Hydrogen in Philippines have decreased by 11% over the twelve-month period. As of May 2023, the on-site cash cost for Hydrogen production in Philippines reached 12.80 USD cent per normal cubic meter, marking a 4.92% increase from the previous month. Year-over-year, the on-site production costs for Hydrogen in Philippines have fallen by 17% since May 2022. The off-site cash cost for Hydrogen supplied by large suppliers in Philippines was 11.90 USD cent per normal cubic meter in May 2023, up 5.31% from April 2023. Over the past year, off-site supply costs for Hydrogen in Philippines have declined by 18% compared to May 2022.
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.