Air Products to Invest $4.5 Billion in Louisiana Blue Hydrogen Plant
October 14 2021 - 8:58AM
Dow Jones News
By Colin Kellaher
Air Products & Chemicals Inc. on Thursday said it will build
a $4.5 billion clean-energy complex in Louisiana, marking its
biggest U.S. investment ever, as the world's transition to cleaner
sources of energy continues to gain speed.
The Allentown, Pa., industrial gases company said the project
would create 170 permanent jobs and would produce more than 750
million standard cubic feet of blue hydrogen a day.
"Blue" products are made using hydrocarbons as a feedstock, with
the carbon dioxide in the production process captured for permanent
sequestration.
Air Products said it will compress a portion of the blue
hydrogen for supply to customers through its Gulf Coast hydrogen
pipeline. The rest will be used to make blue ammonia that will be
sent around the world and converted back to blue hydrogen for
transportation and other markets.
Air Products said it expects the project will be operational in
2026.
Air Products in June unveiled plans to build a
multi-billion-dollar hydrogen energy complex in Canada and last
year said it was teaming with Saudi Arabia's ACWA Power to build a
$5 billion green hydrogen-based ammonia-production facility powered
by renewable energy in Neom, the $500 billion megacity being built
in the kingdom.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 14, 2021 08:43 ET (12:43 GMT)
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