Industrial gas major Air Products has delayed the start-up of its multi-billion-dollar Louisiana blue hydrogen project and is looking to divest its stakes in the carbon sequestration and ammonia production elements.
The Louisiana project was initially expected to be operational in 2026 but has now been delayed to late 2028 or early 2029.
Under the original plan, Air Products was leading on all elements of the project. The plant is expected to produce 1,700 tonnes of blue hydrogen per day. The company originally planned to inject much of the output into its 700-mile US Gulf Coast hydrogen pipeline, with a portion being turned into ammonia for export.
However, in a bid to reassure investors and reduce investment risks, the firm is now trying to scale back its involvement.
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