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Prospect of Hydrogen Usage in the Industrial Sector: Thailand Context

Author

Listed:
  • 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)

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.

Suggested Citation

  • Nitida Nakapreecha & Jakapong Pongthanaisawan & Weerin Wangjiraniran & Supawat Vivanpatarakij & Kulyos Audomvongseree, 2023. "Prospect of Hydrogen Usage in the Industrial Sector: Thailand Context," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 61-72, May.
    • Handle: RePEc:eco:journ2:2023-03-9
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    References listed on IDEAS

    as
    1. Nitida Nakapreecha & Supawat Vivanpatarakij & Kulyos Audomvongseree, 2022. "Feasibility Study of Fuel Oil and Coal Replacement with Natural Gas in Thailand Context," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 135-142, March.
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      More about this item

      Keywords

      Hydrogen; fuel switching; greenhouse gas mitigation; industrial sector; financial feasibility; economic feasibility;
      All these keywords.

      JEL classification:

      • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
      • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
      • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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