Published by Todd Bush on February 21, 2025
Feb 21 (Reuters) – France's Air Liquide said on Friday that only two out of their six previously awarded hydrogen projects for the U.S. Department of Energy (DoE) might move forward after President Donald Trump froze funding on clean energy projects.
Air Liquide was chosen in 2023 as a partner for six clean hydrogen hubs planned by the DoE, which was to allocate $7 billion for them under the bipartisan infrastructure law signed by former President Joe Biden.
>> In Other News: Pall Corporation and MTR Carbon Capture Partner to Advance Carbon Capture Solutions
However, Trump has placed holds on tens of billions of dollars in congressionally-approved spending, including those from the bipartisan law and Biden's Inflation Reduction Act (IRA).
FRANÇOIS JACKOW, CEO of Air Liquide, said, "After meeting with the American teams a few days ago, two of the hubs around hydrogen from natural gas with carbon capture are on top of the list to be pursued."
The future of the other four hubs will be largely dependent on the new administration's decisions on renewable energy policies, he added.
A beneficiary of the IRA, Air Liquide has been investing big in the U.S. clean energy transition, including a partnership with ExxonMobil to enhance the production of low-carbon hydrogen and ammonia at the oil major's facility in Baytown, Texas.
Jackow said that while the project with Exxon was not "absolutely decided yet," both parties continued to work on it, with a final decision expected in the second half of 2025.
He also noted that Air Liquide's U.S. business was not limited to hydrogen. Last year it announced investments related to industrial gas supplies to Micron Technology and to LG Chem U.S. electric vehicle battery plant.
It also saw the closure of a nickel operation in New Caledonia.
Jackow said, "It is likely that there will be no major announcements in the next six months in the battery sector," but added he was "extremely confident" with the customers whose projects the company was already working on.
He said Trump's potential tariffs would have "very little impact" on Air Liquide's U.S. business, which makes up around one-third of its total sales, thanks to local sourcing of materials.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌊 NYK Partners With Climeworks to Remove CO₂ Through Diverse Carbon Removal Solutions 🛠️ First Public Hydrogen (FPH2) Appoints Ernesto Medrano to Board of Directors 💡 Kinetics Ac...
Inside This Issue 📊 Trading Carbon Right: Why Credit Quality Matters More Than Ever ☀️ SunHydrogen Contracts The Process Group for Front-End Engineering Design of 25m2 Renewable Hydrogen Pilot Pla...
Inside This Issue 🏆 Tri-gen Receives U.S. Department of Energy 2025 Better Project Award ⚡ HyOrc Corporation Unveils Modular Hydrogen Power for a Failing Grid 🌳 Everland in Partnership with BNP Pa...
Statkraft Stops New Development of Green Hydrogen Projects
Statkraft has decided to stop new development of green hydrogen due to increased uncertainty in the market. Parts of the portfolio will be matured before seeking investors to realise the projects. ...
Exxon Agrees to Supply Japan's Marubeni With Low-Carbon Ammonia
Exxon Mobil has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni, the U.S. oil producer said on Wednesday, representing E...
Elcogen and Casale SA Collaborate to Drive Innovation in Green Ammonia and Sustainable Energy
Tallinn, ESTONIA, May 07, 2025 (GLOBE NEWSWIRE) -- Elcogen, a leading European manufacturer of technology that enables the efficient production of affordable green hydrogen and emission-free electr...
Synagro and Partners to Test Commercial-Scale High Temperature Pyrolysis Pilot for PFAS Destruction, Syngas Recovery and Biochar Production CHAR Technologies Ltd. ("CHAR Tech" or the "Company") (T...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.