PSI Study Analyzes Global Production Costs of Low-Carbon Fuels
Researchers at PSI analyzed the production costs of 21 low-carbon fuel technologies globally, emphasizing the importance of site-specific factors such as resource availability and financing conditions. The study indicates that no single technology will dominate, as costs vary by region. For instance, blue and turquoise hydrogen are economically attractive in gas-rich areas like the US and Middle East, while green hydrogen will become competitive in resource-rich countries by 2050. The study suggests that a European pipeline network could enhance the viability of low-carbon fuels produced in Europe.
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A study by PSI evaluated the production costs of 21 low-carbon fuel technologies worldwide. It highlighted that site-specific factors, including resource availability and financing conditions, are crucial for the success of these technologies.
The findings, published in Energy and Environmental Science, indicate that no technology will prevail globally, with costs varying significantly across regions. For example, blue and turquoise hydrogen are favorable in gas-rich areas such as the US and Middle East, while green hydrogen is expected to be competitive in renewable resource-rich countries like Canada, Spain, and Australia by 2050. The study also suggests that establishing a European pipeline network could improve the economic viability of low-carbon fuels from regions like Spain and North Africa.
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