Air Liquide Confident in ExxonMobil Low-Carbon Hydrogen Project in Baytown, Texas
Key Ideas
- Air Liquide remains confident in their commitment to build four large modular air separation units for the ExxonMobil low-carbon hydrogen project in Baytown, Texas.
- The CEO of Air Liquide North America, Adam Peters, expressed strong confidence in the $850m project, with $275m of capital already committed.
- The project, located in Baytown, is considered one of the strongest among related projects in the US Gulf Coast due to its fundamentals, partners, and scale.
Air Liquide, a major player in the industrial gas sector, has reaffirmed its confidence in the ExxonMobil low-carbon hydrogen project planned for Baytown, Texas. The company's CEO for North America, Adam Peters, provided updates during an earnings call, indicating that the $850 million project is progressing as intended. With $275 million already dedicated to the project, Air Liquide remains optimistic about the endeavor. Peters highlighted the project's strength, citing its fundamentals, reputable partners, and significant scale as key factors that set it apart from other similar initiatives in the US Gulf Coast region. This commitment underscores Air Liquide's dedication to advancing low-carbon solutions and its strategic involvement in the hydrogen sector.