Prospect of Hydrogen Usage in the Industrial Sector: Thailand Context

Nitida Nakapreecha, Jakapong Pongthanaisawan, Weerin Wangjiraniran, Supawat Vivanpatarakij and Kulyos Audomvongseree
Additional contact information
Nitida Nakapreecha: Energy Research Institute, Chulalongkorn University, 12th Floor, Institute Building III, Phayathai Road, Pathumwan, Bangkok 10330, Thailand
Jakapong Pongthanaisawan: Energy Research Institute, Chulalongkorn University, 12th Floor, Institute Building III, Phayathai Road, Pathumwan, Bangkok 10330, Thailand
Weerin Wangjiraniran: Energy Research Institute, Chulalongkorn University, 12th Floor, Institute Building III, Phayathai Road, Pathumwan, Bangkok 10330, Thailand
Supawat Vivanpatarakij: Energy Research Institute, Chulalongkorn University, 12th Floor, Institute Building III, Phayathai Road, Pathumwan, Bangkok 10330, Thailand
Kulyos Audomvongseree: Energy Research Institute, Chulalongkorn University, 12th Floor, Institute Building III, Phayathai Road, Pathumwan, Bangkok 10330, Thailand; &Department of Electrical Engineering, Chulalongkorn University, Bangkok 10330, Thailand

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 3, 61-72

Abstract: Hydrogen is receiving attention as a highly clean alternative energy with the potential to replace conventional fuels. However, it is still more expensive than fossil fuels. Using hydrogen in the energy sector will certainly affect energy costs, which for the private sector is an important factor when making decisions about fuel replacement. The objective of this study is to analyze the financial and economic feasibility of using hydrogen as a fuel in the industrial sector. From the financial and economic analysis, hydrogen can be mixed with natural gas in a ratio of no more than 20 percent by volume and used as fuel in industrial plants that previously used liquefied petroleum gas (LPG) and fuel oil and are within 50 kilometers of a natural gas and hydrogen (NG&H2) mother station. Despite the financial and economic viability, government support is still needed to stimulate the use of hydrogen. The supports include introducing hydrogen to prospective users and ensuring the security of supply; encouraging domestic hydrogen production as well as research and development; developing the necessary infrastructure; and improving regulations and standards to support the supply and use of hydrogen all along the value chain.

Keywords: Hydrogen; fuel switching; greenhouse gas mitigation; industrial sector; financial feasibility; economic feasibility (search for similar items in EconPapers)
JEL-codes: Q21 Q42 Q47 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/14198/7282 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/14198 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-03-9

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().