The cancellation deals a blow to the US blue hydrogen and derivative ammonia sectors despite recent affirmation of key "45Q" tax credits for related CCS.
Norwegian ammonia giant Yara and German chemicals company BASF have shelved plans for a large-scale blue ammonia facility on the US Gulf Coast — a blow to the burgeoning sector despite recent confirmation of key carbon capture-related US tax credits.
US low-carbon hydrogen projects have clarity on access to tax credits. The industry is now watching to see which move ahead.
The US major pointed to slower-than-expected demand growth, unfavorable policy changes and rising costs as reasons for concern.
China's push into electrolyzer manufacturing and green hydrogen production is moving the sector forward on scale and cost.
US-based Air Products axes green hydrogen project and lashes out at Government’s lack of support
The US midstream giant said the recent US restrictions on ethane exports have damaged faith in the country as a trade partner.
Upsized US tax credits for CO2 utilization could compel a greater openness toward enhanced oil recovery as a means to expedite…
