Air Products to Invest $500 Million in N.Y. Green Liquid Hydrogen Production Plant

By Chris Wack

Air Products and Chemicals Inc. said Thursday that it plans to invest about $500 million to build, own and operate a 35 metric ton a day facility to produce green liquid hydrogen at a new site in Massena, N.Y., as well as liquid hydrogen distribution and dispensing operations.

The company said the commercial operation of the facility is targeted to begin in 2026-2027.

In support of this project, in July, the New York Power Authority board approved 94 megawatts of low-cost St. Lawrence hydroelectric power to Air Products for its investment and the creation of 90 jobs in New York state.

Air Products said it is also investigating the feasibility of establishing a hydrogen fueling station network in the U.S. northeast region, including the ability to serve Air Products' truck fleet. Air Products has announced plans to convert its global fleet of roughly 2,000 trucks to hydrogen fuel-cell zero-emission vehicles.

The low-carbon intensity liquid hydrogen product from the facility is expected to be sold to the mobility market in New York state, as well as other potential northeast industrial markets. If all the hydrogen is used for the heavy-duty truck market, future climate benefits over the project's lifetime would include avoiding more than six million tons of carbon dioxide, which is equivalent to the emissions from over 600 million gallons of diesel used in heavy-duty trucks, the company said.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 06, 2022 10:58 ET (14:58 GMT)

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