Babcock & Wilcox to Build Hydrogen Production Facility in Mason County, WV
Key Ideas
- The West Virginia Economic Development Authority approved a $10 million economic incentive package for Babcock & Wilcox's hydrogen production facility project.
- B&W plans to invest $125 million in Mason County, creating a facility using natural gas and coal as feedstock for hydrogen production.
- The project has the potential to expand into a $1 billion investment and employ 200 people in the region.
- This initiative is seen as exciting and promising for economic growth in West Virginia.
Last Friday, the West Virginia Economic Development Authority approved an economic incentive package of up to $10 million for a project proposed by Babcock & Wilcox (B&W). B&W is planning to invest $125 million in West Virginia's Mason County to establish a hydrogen production facility. The feedstock for this facility will include natural gas and coal. The EDA expressed optimism that the project could grow into a $1 billion investment, providing job opportunities for around 200 individuals. This initiative is viewed as a significant step towards economic development in the region, showcasing the potential of hydrogen production using a mix of natural resources.