See Betz handbook for cursory discussion:
Hello:
Hydrazine, N2H4, is a volatile oxygen scavenger that contributes no dissolved solids to feed water (eg: needed if feed water is used for superheated steam attemporation). Hydrazine can decompose to ammonia and water, with decomposition in boiler water systems begininng at 400F, and being rapid at 600 F. The alkaline ammonia does not attack steel, but, particularly with dissolved oxygen, can be aggressive to copper alloys. Close control of hydrazine feed helps limit formation of ammonia.
Hydrazine reaction times are very slow at low temperatures. For example, at 5:1 N2H4:O2 ratio, pH of 9.5, reaction time for 90% dissolved oxygen scavenging is 0.3 minutes at 400F, 0.7 minutes at 300 F, 1.4 minutes at 250 F. At 150 F, you need 100:1 N2H4:O2 ratio to achieve this in 1.4 minutes. At 300 F you can get 90% oxygen scavenging in 1.5 minutes with a 1.6 N2H4:O2 ratio.
An alternate volatile oxygen scaventer is hydroquinone. Hydroquinone performs better at low temperatures (it is even used effectively in cold wet equipment lay-ups), and it is less hazardous to handle. Any degradation at higher temperatures produces CO2, not ammonia.
Hope this helps...
Wayne at