PUMP HYDROGEN
PROJECT MARINER · WALLER / HOUSTON, TEXAS
H₂ · NH₃ · CH₃OH · E-FUELS · CH₄ — OFFSHORE · EVERY INPUT LIVE

The offshore platform that makes
the molecules ships will actually burn.

Seawater in; ammonia, methanol, e-diesel, or e-methane out — depending on which tab you click. This page is the pitch deck and the market study fused into one live model: move any number and the physics, the cost stack, and the verdict recompute.

THE ONE-SENTENCE ANSWER

Every serious ocean molecule starts as hydrogen from seawater. What you turn it into — ammonia, methanol, e-fuels, methane — is a question of what second ingredient you can get at sea (air is free, carbon is not) and what the ship at the pier will actually buy.

Not an offering document. Literature ranges, not a bid.

The thesis, in three cards

1 · The molecule

Ammonia is air + water + power — no carbon to ship. Methanol, e-diesel, and e-methane all need a carbon feedstock, and at sea that means a barge of CO₂, a power-hungry DAC plant, or lab-grade seawater capture. The fuel choice is really a carbon-logistics choice.

2 · The market

~250 Mt of bunker fuel a year; Singapore alone sold 56.8 Mt in 2025. Ships bunker at a handful of hubs, then run. Deep-sea orderbook: LNG first, methanol second, ammonia-ready third. You do not fuel a 15,000 TEU ship with 10,000 psi tanks — you sell it a liquid at the port it already calls at.

3 · The moat

~1,500 Gulf of Mexico platforms need a decommissioning decision. Reuse the jacket, rebuild the topsides, plug into Port of Houston. UH ROICE has already published the reuse math — $4.76–8.44/kg at ~100 MW, before incentives. Pump Hydrogen brings the one thing every one of these plants must buy: the pump.

The model

Pick a molecule. Eight presets below are the conversations you have already had — then move anything. The page is the spreadsheet.

Plant
5500 MW
$5M$200M
$5M$300M
$400$2,000/kW
5%16%
1030 yrs
1%8%
Power mix shares auto-normalize
CF %
$/MWh
CF %
$/MWh
CF %
$/MWh
CF %
$/MWh
Shared process
4660 kWh/kg
Compressed to 700 bar ≈ 3 kWh/kg. Liquefied LH₂ ≈ 12 kWh/kg. Set the energy slider below accordingly.
015 kWh/kg
sell H₂all liquid fuel
Seawater RO + DI is fixed at 0.035 kWh/kg H2 — <0.2% of the stack. It is not the bottleneck, ever.
Ammonia synthesis
0.41.6 MWh/t
Air is free; the air-separation unit is not huge. Ammonia is the only molecule on this page with no carbon problem.
Market
$300$2,000/t
$1$15/kg
$0$3/kg H2
$20$300/MWh
$0$1/kg
Levelized H2 cost
Ammonia cost
levelized, $/t NH₃
Hydrogen output
Ammonia output
tonnes / day
Blended power
capacity factor · $/MWh
Total capex
Annual cost
Annual revenue
EBITDA
Simple payback
years
NPV @ WACC
IRR
project, unlevered

Where the kilogram's cost comes from

The kill-shot scale — $/kg vs the market

What one boxship needs

Sensitivity — LCOH moves when you move one dial

Physical footprint of this configuration

The process — every node's number is live from the model

Seawater is a rounding error. Electrolysis is the business. Carbon is a logistics problem. Firm power is the religion.

The market map — ships bunker at hubs, then run

Hub2025 volumeWhy it matters for H2 / NH3 / MeOH
Singapore56.8 Mt25% of world bunker sales. Ammonia barge due 2027. Green corridor with Rotterdam.
Rotterdam / ARA9.8 + 7.9 MtEU ETS + FuelEU offtake. Port H2 pipeline live 2026. LH2 short-sea 2027.
Zhoushan8.0 MtFirst Chinese hub in the global top three. State-backed H2 ecosystem.
Fujairah~7.4M m³East-of-Suez price marker. Cape routing.
Busan / Korea~6 Mt classAmmonia-ready fleet + national H2 strategy + e-methane buyer.
Houston / US GulfUSG hubHome water. Port Houston H2 truck-station grant with Linde. ~1,500 GOM platforms aging out.
Panama / Gibraltar~5 / ~4.6 MtChokepoint bunkering. Diversion premium when Suez or Panama is stressed.
MAP RULE — If the ship would not already pass within a few hours of the platform, the platform is not a gas station. It is a stranded asset with a romantic view.

Existence proofs — this is already happening

PosHYdon · North Sea

First green hydrogen produced on a live gas platform, Eni Q13a-A, July 2026. Seawater → RO → electrolysis, wind-powered. The pilot class Pump Hydrogen sells pumps into.

SwitchH2 + BW Offshore + Ohmium

268 m FPSO, southern Europe. 300 MW PEM, on-deck Haber–Bosch, ~55,000 t/yr H2 and ~300,000 t/yr green ammonia, offloaded by hose. FEED into 2026. The big play, at industrial scale.

Kassø, Denmark · onshore

First commercial e-methanol loop running: 52 MW electrolyzer, solar next door, biogenic CO2 trucked in, ~42,000 t/yr. Proof that the molecule business works — where the carbon is already standing.

Counter-evidence, honestly: the Netherlands paused new offshore H2 demos for five years because demand arrived slower than the pitch decks. Aberdeen's hydrogen buses — £556k new, £30k resale — are what happens when molecules and offtake are assumed. Both facts are in this model's defaults.

The staged entry — the platform is phase 3, not phase 1

1

Sell the pump

Mariner PX line: seawater RO feed, process liquid, ammonia transfer skids. $2–3.5 M first-article program, 14–18 months. This is the business that funds everything else.

$2–8M · 0–12 mo
2

Sell into a corridor

OEM packages into a ROICE-class GOM reuse project or a US Gulf / North Sea bunkering node. Pump Hydrogen's name on the skid, not on the field development plan. Customer's capex.

Customer capex · 12–36 mo
3

Own a seat on the platform

Only with contracted offtake and firm power: consortium seat on one near-shore fuels node at Houston / Galveston. Shipyard + offtaker + power developer + Pump Hydrogen. The model above is this phase's homework.

Tens of $M, mostly others' · 36 mo+