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Project realities set in for industrial gas majors

Gas
February 25, 2025

Air Products’ , announced today, follow Air Liquide’s move to reduce its involvement in the $7bn US Hydrogen Hubs programme from six hubs to two. The programme itself is under federal review currently.

Both steps are a response to new realities in the US when it comes to clean energy, as well as already-shifting priorities in the case of Air Products.

Air Liquide CEO Francois Jackow spoke about the hubs after President Trump’s decision to freeze federal funding for clean energy projects, and as Air Liquide announced in the same earnings call that it expects more final investment decisions (FID) on its projects to be pushed back to the second half of this year as everyone waits on the policy review.

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