Over $700m of US federal funding is being made available for Gulf Coast-based chemical and refining projects to use clean hydrogen in their operations.
Coming as part of a $6bn funding package from the US Department of Energy (DOE), four projects have been selected to negotiate funding for their respective plans that hope to clean up chemical production and refining with low-carbon hydrogen.
Backed by the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), US Energy Secretary, Jennifer Granholm, said the investments would “slash emissions” from hard-to-abate sectors.
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