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Project realities set in for Tier One majors

Gas
February 25, 2025

Air Products’ follow Air Liquide’s move to reduce its involvement in the $7bn US Hydrogen Hubs programme from six hubs to two.

The comments from CEO Francois Jackow came after President Trump’s decision to freeze federal funding for clean energy projects, and as Air Liquide announced in an earnings call that it expects more final investment decisions (FID) to be pushed back to the second half of this year as customers wait on policy and economic clarity.

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At times of great uncertainty, the priority is to cloak projects in as many de-risking layers as possible.

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