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- Air Products & Chemicals (NYSE:APD) +1.7% pre-market after unveiling plans to build a $4.5B clean energy complex in Louisiana, marking the company's biggest-ever investment in the U.S.
- Air Products (APD) says it will build, own and operate the megaproject, which will produce more than 750M scf/day of blue hydrogen - products made using hydrocarbons as a feedstock, with the carbon dioxide in the production process captured for permanent sequestration.
- The company says some of the blue hydrogen will be compressed and supplied to customers via Air Products' U.S. Gulf Coast hydrogen pipeline network, which is the world's largest, stretching more than 700 miles from Galveston Bay, Texas, to New Orleans, La.
- In June, Air Products announced plans to build a multi-billion-dollar hydrogen energy complex in Canada.