A leading global supplier of industrial gases is emphasizing two of what were originally six federally backed hydrogen projects amid questions about the future of the funding under the Trump administration.
Air Liquide, the French industrial gas provider and the parent of Airgas, was selected to be part of the development of six clean hydrogen hubs by the U.S. Department of Energy in 2023 — and was slated to receive $7 billion under a sweeping infrastructure funding law signed in 2021, Reuters reported.
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That funding, however, was frozen by the new Trump administration, and it remains unclear when — or if — the congressionally approved allocations will be issued.
Air Liquide CEO François Jackow told reporters on a recent call that two of the six projects appear more likely to move forward than the other four. The two hubs in question would produce hydrogen from natural gas while capturing the resulting carbon emissions, Jackow said. Air Liquide and oil and gas giant ExxonMobil continue to work on a low-carbon hydrogen and ammonia project at the latter’s Baytown, Texas, plant, although its fate also has not been decided “absolutely.”
The remaining projects, he said, were more likely to depend on the administration’s policies toward renewable energy overall.
Although the changes in Washington appear likely to dent Air Liquide’s hydrogen operations in the U.S., Jackow was more optimistic about its other investments in the country, which include supplying gases to forthcoming semiconductor fabs and electric vehicle battery plants. He added that newly imposed tariffs were unlikely to have much of an effect on its businesses in the U.S.
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A leading global supplier of industrial gasses
is emphasizing two of what were originally 6
00:04.679 --> 00:08.430
federally backed hydrogen projects amid
questions about the future of the funding under
00:08.430 --> 00:09.590
the Trump administration.
00:09.840 --> 00:13.159
Air Laquied, the French industrial gas provider
and the parent of air gas,
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was selected to be part of the development of 6
clean hydrogen hubs by the US Department of
00:17.079 --> 00:18.440
Energy in 2023.
00:18.870 --> 00:23.260
And was slated to receive $7 billion under a
sweeping infrastructure funding law signed in
00:23.260 --> 00:26.049
2021.
Reuters reported that funding, however,
00:26.219 --> 00:30.459
was frozen by the new Trump administration, and
it remains unclear when or if the
00:30.459 --> 00:32.610
congressionally approved allocations will be
issued.
00:32.860 --> 00:37.610
A the Queen's CEO Francois Jacco told reporters
on a recent call that two of the six projects
00:37.610 --> 00:39.380
appear more likely to move forward than the
other.
00:39.902 --> 00:43.803
The two hubs in question would produce hydrogen
from natural gas while capturing the resulting
00:43.803 --> 00:47.923
carbon emissions, Jacko said.
Air liquid and oil and gas giant ExxonMobil
00:47.923 --> 00:51.842
continued to work on a low carbon hydrogen and
ammonia project at the latter's Baytown,
00:51.923 --> 00:55.632
Texas plant, although its fate also has not
been decided absolutely.
00:55.842 --> 00:58.882
The remaining projects, he said, were more
likely to depend on the administration's
00:58.882 --> 01:01.015
policies toward renewable.
Energy overall.
01:01.206 --> 01:04.716
Although the changes in Washington appear
likely to dent air liquid's hydrogen operations
01:04.716 --> 01:08.575
in the US, Sheco was more optimistic about its
other investments in the country,
01:08.786 --> 01:12.865
which includes supplying gasses to forthcoming
semiconductor fabs and electric vehicle battery
01:12.865 --> 01:15.106
plants.
He added that newly imposed tariffs were
01:15.106 --> 01:18.456
unlikely to have much of an effect on its
businesses in the US.
01:18.676 --> 01:20.706
I'm Andy Sall.
This is manufacturing now.
