Economic analysis of hydrogen production and refueling station via molten-medium-catalyzed pyrolysis of natural gas process

Abstract

The urgent need for sustainable energy solutions has been underscored by escalating greenhouse gas emissions and the global commitment to net-zero emissions. Clean hydrogen energy, despite its potential for the global low-carbon transition, faces challenges such as high production and transport costs and significant carbon emissions. Herein, we investigate the molten-medium-catalyzed pyrolysis of natural gas (MPN) for hydrogen production and refueling. We highlight the urgent environmental and economic motivations for cleaner energy, specifically addressing the existing challenges faced by traditional hydrogen production methods. Our research introduces an innovative integrated system for onsite hydrogen production, showcasing its economic advantages, carbon emission reduction potential, and compatibility with current infrastructures. The study meticulously evaluates the MPN technology's economic feasibility, including a detailed analysis of cost drivers and the market value of by-product carbon materials. Furthermore, we stress the importance of further research to optimize the technology and promote its adoption for a low-carbon future. This investigation presents MPN as a promising alternative, potentially revolutionizing the hydrogen supply chain and contributing significantly to global decarbonization efforts.