Company Performance Metrics
Over 95% of the world’s hydrogen is today produced using a process called SMR (Steam Methane Reforming), which requires over 20 tonnes of water and releases over 8 tonnes of CO2 emissions per tonnes of hydrogen produced. Nonetheless, SMR is very cheap to produce at $2,000 per tonne and uses very little electricity at 2 MWh per tonne of Hydrogen.
Any future solution will have to compete with these energy and price per production attributes. The remaining hydrogen is produced using electrolysis which has no CO2 emissions but does require a 9 tonnes of water per tonne of hydrogen placing pressure on the water demand. Also, electrolysis requires 5-6 times more energy than SMR and at scale is 3-4 times more expensive to produce, requiring new infrastructure and changes to supply chains.
Our solution: At CHT (Clean Hydrogen Technologies) we slot right into the existing gas infrastructure and supply chain with little impact. We use the same upstream gas. We do not burn the gas, so we have no CO2 emissions. Instead, we process it using our catalyst to produce Turquoise Hydrogen and a solid by product, called conductive carbon, used to manufacture batteries. Importantly we use the same electricity as SMR and at scale can produce for less than SMR per tonne.
