Cost Analysis of the Blue Hydrogen Supply from Canada to Korea

초록

This study conducts a cost analysis of blue hydrogen supply from Canada to South Korea by modeling two distinct supply chain scenarios using Monte Carlo simulation. Scenario 1 involves importing liquefied natural gas (LNG) from Canada for domestic hydrogen production in South Korea, coupled with carbon capture and storage (CCS) integration. Scenario 2 involves producing blue hydrogen in Canada and importing it to Korea using various carrier options, such as liquefied hydrogen, ammonia, and liquid organic hydrogen carriers. Blue hydrogen, which is produced primarily through steam methane reforming, partial oxidation, and autothermal reforming, incorporates CCS to reduce carbon emissions. The economic analysis using Monte Carlo simulations in both scenarios shows that blue hydrogen stored in ammonia from Scenario 2 has the lowest supply cost at 7.33 $/kgH2, making it the most cost-effective option. Although Canada’s current LNG supply to Korea is limited, future strategic energy planning supports the feasibility of this scenario.

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