Evaluation Methodologies for Determining the Economic Feasibility of Coal Derived Hydrogen Fuels
Author(s): Saymansky, John E. and Tim T. Phipps
Reference:29th International Technical Conference on Coal Utilization & Fuel Systems, April 2004, Clearwater, FL
Abstract: Rejuvenated interest in decreasing United States dependence upon foreign energy in conjunction with growing concerns over global warming have resulted in a hydrogen initiative promoting hydrogen as the fuel of the future. Coal is once again at the forefront of these discussions because of abundant domestic reserves. This paper examines the economics of producing hydrogen from coal using modern gasification technologies. It will attempt to describe the constraints and the economics associated with the use of and the production of coal derived hydrogen fuels in conjunction with any economic boundaries imposed by these constraints. Social welfare cost and social benefit associated with the production and use of hydrogen fuels are also examined.
Keywords: hydrogen economics, gasification technologies, social welfare cost, social benefit