Project realities set in for Tier One majors
The comments from CEO Francois Jackow followed President Trump’s decision to freeze federal funding for clean energy projects, and came 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. Read more: Air Liquide grapples with FID slowdowns At times of great uncertainty, the priority is to cloak projects in as many de-risking layers as possible. Air Liquide is partnering with ExxonMobil’s Baytown project in Texas, investing up to $850 million to build, own and operate four large modular air separation units as well as related infrastructure. It will produce a daily volume of 9,000 tonnes of oxygen which will be used by ExxonMobil’s Autothermal Reformers (ATR) to produce low-carbon… Read More »Project realities set in for Tier One majors