Hydrogen Cost in South Africa
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, South Africa, contract price, exw, formula
- cash cost, on-site: Hydrogen, South Africa, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, South Africa, cash cost, formula, off-site (large supplier)
In May 2023, the contract price on an ex-works basis for Hydrogen in South Africa stood at 29.90 USD cent per normal cubic meter, representing a decline of 1.64% compared to April 2023. Throughout the 12-month period, Hydrogen contract prices in South Africa experienced a total decrease of 26%. During May 2023, the on-site cash cost for Hydrogen in South Africa reached 13.30 USD cent per normal cubic meter, marking a 2.92% reduction from the previous month. Over the course of the past year, the on-site cash costs for Hydrogen in South Africa declined by a cumulative 38%. As of May 2023, the off-site cash cost for Hydrogen in South Africa was 11.50 USD cent per normal cubic meter, showing a 2.54% decrease from April 2023. Across the 12-month timeframe, off-site cash costs for Hydrogen in South Africa fell by a total of 40%.
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.