Air Products sees potential path forward for paused Louisiana blue hydrogen project | Air Products News
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. After Menezes became CEO earlier this year, Air Products paused spending on the development in May as it explored options to de-risk it by firming up offtake and looking to offload the CCS and… Read More »Air Products sees potential path forward for paused Louisiana blue hydrogen project | Air Products News