Air Products is signing off 2025 on a positive note after announcing for its troubled Louisiana blue hydrogen project.
One key element is the 45Q carbon capture tax credits, which avoided the clean energy funding cull from the US government.
CEO Eduardo Menezes said the credit, which offers up to $85/tonne of carbon dioxide capture, stored or used in industry, would “skew” the plant for its first 12 years of operations, to deliver returns higher than a traditional grey hydrogen project.
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