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This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison.
Hydrogen has the most potential to reduce greenhouse gas emissions when used in chemical production, refineries, international shipping, and steelmaking [1]. The hydrogen economy is an umbrella term for the roles hydrogen can play alongside low-carbon electricity to reduce emissions of greenhouse gases.
At an electricity cost of $0.06/kWh, as set out in the Department of Energy hydrogen production targets for 2015, [73] the hydrogen cost is $3/kg. The US DOE target price for hydrogen in 2020 is $2.30/kg, requiring an electricity cost of $0.037/kWh, which is achievable given recent PPA tenders for wind and solar in many regions. [74]
In 2006, the National Renewable Energy Laboratory stated that the cost of hydrogen fuel was around $9 a kilogram, roughly comparing it to $2 a gallon for diesel. It further noted that the total cost per mile (including maintenance) was around $1 per mile for diesel and around $6.50 per mile for hydrogen. [113]
[154] [83] Solar electricity prices in India have already fallen below the affordable price (≈ INR 5.00 per kWh to generate 0.041 lb/kWh hydrogen which is equivalent to 0.071 litres of petrol in terms of lower heating value) to make hydrogen economical fuel by sourcing from electrolysis of water to replace petrol/gasoline as transport fuel.
Methanol is cheaper than hydrogen. For large amounts (tank) price for fossile methanol is about 0.3 to 0.5 USD/L. [37] One liter of Methanol has the same energy content as 0.13 kg hydrogen. [5] [6] Price for 0.13 kg of fossile hydrogen is currently about 1.2 to 1.3 USD for large amounts (about 9.5 USD/kg at hydrogen refuelling stations). [38]
Hydrogenics is a developer and manufacturer of hydrogen generation and fuel cell products based on water electrolysis and proton-exchange membrane (PEM) technology. [2] [3] Hydrogenics is divided into two business units: OnSite Generation and Power Systems.
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.