The latest report titled “hydrogen production cost” by Procurement Resource a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Hydrogen.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Hydrogen manufacturing process, that might influence Hydrogen manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Hydrogen (H), with the atomic number 1, is a highly flammable gas that appears to be colourless and tasteless. It has no characteristic odour. It has a lower density in contrast to other gases. It is widely available in nature since it comprises 75% of the universe’s mass. It is a much cleaner replacement for methane or natural gas. It is produced using many resources, like methane, nuclear power, biogas and renewable energy, like wind and solar. Its respective melting and boiling point is −259.16°C, −252.879°C.
The Hydrogen market is expanding rapidly owing to its extensive use as a fuel substitute since it is made of water which makes it cleaner. The fuel is used as an energy source in automobiles like buses and cars, which furthers the market growth. In addition, it finds use in the chemical industry for making ammonia which is employed as an agricultural fertiliser. It is also used for plastic and pharmaceutical production. Additionally, in the glass industry, it has the function of a protective atmosphere to make flat glass sheets. It also finds use in the manufacturing of silicon chips as a flushing gas which bolsters the industry’s development.
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