S&P Global Platts launches new carbon-neutral hydrogen assessments

S&P Global Platts has launched new daily carbon-neutral assessments of hydrogen in several key markets around the world, from Dec. 9.

The assessments build upon cost-based prices for hydrogen in key production hubs around North America, Europe and the Asia-Pacific region. Platts CNH prices reflect the value of hydrogen as a molecule as it leaves the production facility.

The new prices reflect the market value of hydrogen in which emissions have been, in order of priority: avoided where possible through the use of low emissions generation, removed through the use of carbon capture and storage, and offset through the use of carbon credits or equivalent instruments

In addition to spot market activity, power purchase agreements and hydrogen offtake agreements may be considered for assessment purposes, but normalized for terms, periods and other factors.

In the absence of trading activity, Platts considers the cost of production factors, which will provide baseline inputs in the absence of market activity. These costs incorporate renewable power prices and carbon capture costs with any remaining accounted emissions offset using relevant carbon instruments. Platts accounts for carbon offset costs using Platts CRC removals-based carbon credits, which reflect the most competitive carbon credit assessments for projects that remove GHG emissions, as well as California Carbon Allowance and EU Emissions Allowance prices where relevant.

Platts publishes daily assessments in six locations, which have the greatest potential to become hydrogen hubs as global markets emerge: California and the US Gulf Coast (Texas and Louisiana) in the Americas, the Netherlands in Northwest Europe, Saudi Arabia in the Middle East, and Japan and Western Australia in the Asia-Pacific region.

Assessments are measured in $/kg, $/MMBtu, Eur/kg and Eur/MMBtu.

Specifications include: Minimum lot size of 20,000 kg, 99.99% purity, for prompt delivery in the calendar month following the trading date, ex-works. Trades for other terms, quantities and purity levels may be normalized to this basis for assessment purposes.

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

The published prices are as following:

Carbon Neutral Hydrogen Ex Works Australia $/MMBtu HYAUD00

Carbon Neutral Hydrogen Ex Works Australia $/MMBtu MAvg HYAUD03

Carbon Neutral Hydrogen Ex Works Australia $/kg HYAUC00

Carbon Neutral Hydrogen Ex Works Australia $/kg MAvg HYAUC03

Carbon Neutral Hydrogen Ex Works California $/MMBtu HYCAB00

Carbon Neutral Hydrogen Ex Works California $/MMBtu MAvg HYCAB03

Carbon Neutral Hydrogen Ex Works California $/kg HYCAA00

Carbon Neutral Hydrogen Ex Works California $/kg MAvg HYCAA03

Carbon Neutral Hydrogen Ex Works Far East Asia $/MMBtu HYFED00

Carbon Neutral Hydrogen Ex Works Far East Asia $/MMBtu MAvg HYFED03

Carbon Neutral Hydrogen Ex Works Far East Asia $/kg HYFEC00

Carbon Neutral Hydrogen Ex Works Far East Asia $/kg MAvg HYFEC03

Carbon Neutral Hydrogen Ex Works Middle East $/MMBtu HYMEB00

Carbon Neutral Hydrogen Ex Works Middle East $/MMBtu MAvg HYMEB03

Carbon Neutral Hydrogen Ex Works Middle East $/kg HYMEA00

Carbon Neutral Hydrogen Ex Works Middle East $/kg MAvg HYMEA03

Carbon Neutral Hydrogen Ex Works North West Europe Eur/MMBtu HYNWB00

Carbon Neutral Hydrogen Ex Works North West Europe Eur/MMBtu MAvg HYNWB03

Carbon Neutral Hydrogen Ex Works North West Europe Eur/kg HYNWA00

Carbon Neutral Hydrogen Ex Works North West Europe Eur/kg MAvg HYNWA03

Carbon Neutral Hydrogen Ex Works US Gulf Coast $/MMBtu HYUSB00

Carbon Neutral Hydrogen Ex Works US Gulf Coast $/MMBtu MAvg HYUSB03

Carbon Neutral Hydrogen Ex Works US Gulf Coast $/kg HYUSA00

Carbon Neutral Hydrogen Ex Works US Gulf Coast $/kg MAvg HYUSA03

Please send all questions and comments to hydrogenassessments@spglobal.com and pricegroup@spglobal.com. 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.