Platts proposes new daily carbon neutral hydrogen assessments

S&P Global Platts is proposing to launch its first suite of carbon-neutral hydrogen assessments, effective Dec. 9, 2021.

Building on its industry-leading price valuations for hydrogen, Platts would launch new carbon-neutral hydrogen price assessments that incorporate the cost of carbon capture, renewable energy certificates and where appropriate the cost of offsetting carbon emissions generated during production.

Carbon offset costs would be accounted for using Platts CNC nature-based carbon credits, as measured in $/mtCO2e in certain markets. Platts would complement these backstop calculated prices with available source data including bids, offers and reported trades as these become available. Other factors that will be considered include market information on power-purchase agreements and hydrogen offtake agreements. In the absence of spot market activity, Platts would consider carbon neutral hydrogen production costs as a baseline against which market prices would be assessed.

Platts would start publishing daily assessments in six locations, which have the potential to become hydrogen hubs as global markets emerge: California and US Gulf Coast in the Americas, the Netherlands and Saudi Arabia in Europe and the Middle East, and Japan and Australia in Asia-Pacific.

Assessments would be measured in $/kg, $/MMBtu, Eur/kg, Eur/MMBtu, Yen/kg, Yen/MMBtu, A$/kg, A$/MMBtu.

The prices would be published on Platts Dimensions Pro and under the Market Data Category: HY.

The following symbols would be created:

-Australia Carbon Neutral Hydrogen A$/kg

-Australia Carbon Neutral Hydrogen A$/kg MAvg

-Australia Carbon Neutral Hydrogen A$/MMBtu

-Australia Carbon Neutral Hydrogen A$/kg MAvg

-Australia Carbon Neutral Hydrogen $/kg

-Australia Carbon Neutral Hydrogen $/kg MAvg

-Australia Carbon Neutral Hydrogen $/MMBtu

-Australia Carbon Neutral Hydrogen $/MMBtu MAvg

-California Carbon Neutral Hydrogen $/kg

-California Carbon Neutral Hydrogen $/kg MAvg

-California Carbon Neutral Hydrogen $/MMBtu

-California Carbon Neutral Hydrogen $/MMBtu MAvg

-Far East Asia Carbon Neutral Hydrogen Yen/kg

-Far East Asia Carbon Neutral Hydrogen Yen/kg MAvg

-Far East Asia Carbon Neutral Hydrogen Yen/MMBtu

-Far East Asia Carbon Neutral Hydrogen Yen/MMBtu MAvg

-Far East Asia Carbon Neutral Hydrogen $/kg

-Far East Asia Carbon Neutral Hydrogen $/kg MAvg

-Far East Asia Carbon Neutral Hydrogen $/MMBtu

-Far East Asia Carbon Neutral Hydrogen $/MMBtu MAvg

-Middle East Carbon Neutral Hydrogen $/kg

-Middle East Carbon Neutral Hydrogen $/kg MAvg

-Middle East Carbon Neutral Hydrogen $/MMBtu

-Middle East Carbon Neutral Hydrogen $/MMBtu MAvg

-NW Europe Carbon Neutral Hydrogen Eur/kg

-NW Europe Carbon Neutral Hydrogen Eur/kg MAvg

-NW Europe Carbon Neutral Hydrogen Eur/MMBtu

-NW Europe Carbon Neutral Hydrogen Eur/MMBtu MAvg

-NW Europe Carbon Neutral Hydrogen $/kg

-NW Europe Carbon Neutral Hydrogen $/kg MAvg

-NW Europe Carbon Neutral Hydrogen $/MMBtu

-NW Europe Carbon Neutral Hydrogen $/MMBtu MAvg

-USGC Carbon Neutral Hydrogen $/kg

-USGC Carbon Neutral Hydrogen $/kg MAvg

-USGC Carbon Neutral Hydrogen $/MMBtu

-USGC Carbon Neutral Hydrogen $/MMBtu MAvg

Please send all questions and comments to hydrogenassessments@spglobal.com and pricegroup@spglobal.com by Nov. 11, 2021. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.