Air Products Seeks Asian Equity Partner for Louisiana Hydrogen Project
Key Ideas
- Air Products is looking for an equity partner to invest in their $4.5 billion blue hydrogen and ammonia project in Louisiana.
- The company is specifically targeting Asian companies in Japan and Korea for this investment.
- The partnership is expected to include an offtake agreement as part of the deal.
- This development highlights the growing interest and investment in hydrogen projects in the energy industry.
Air Products is actively seeking an equity partner to invest in its ambitious $4.5 billion blue hydrogen and ammonia project based in Louisiana. During a recent quarterly earnings call, Melissa Schaeffer, the executive vice president at Air Products, revealed the company's strategy to attract potential equity investors primarily from Asian companies situated in Japan and Korea. The focus on Asian investors is strategic, aiming to secure an offtake agreement as a key component of the partnership deal. This move signifies Air Products' commitment to expanding its hydrogen and ammonia project through international collaboration, leveraging the expertise and resources of potential partners from the Asian market. The pursuit of an equity partner underscores the significant investment and interest in hydrogen projects within the energy sector, reflecting a positive outlook towards advancing sustainable energy solutions.