Air Products believes it could still proceed with its paused $4.5bn blue hydrogen plant in Louisiana, US, according to its CEO.
Speaking during the industrial gas firm’s Q4 results, Eduardo Menezes said although the development would not go ahead without an offtake agreement, there may be a way to make the project bankable.
The Louisiana development was announced in 2021 with plans to produce up to 1,700 tonnes of blue hydrogen per day and convert it into ammonia.
Investors viewed the project as risky because of speculative offtake agreements and Air Products’ plan to retain responsibility for CCS and ammonia synthesis.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Friday, 14th November at 2:28PM
