Exxon CEO Insists on IRA Subsidies for Hydrogen Project ...Middle East

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Exxon CEO Insists on IRA Subsidies for Hydrogen Project
source : OILPRICE ( Middle East ) () 64
Exxon should be eligible for IRA incentives for a low-carbon hydrogen project expected to be the largest in the world. If it isn’t, the company will probably scrap it, chief executive Darren Woods told Bloomberg. The current IRA distribution eligibility criteria single out only green hydrogen as eligible for federal financial support. Exxon’s project will produce so-called blue hydrogen, which is made from natural gas but involves carbon capture. “If we find the regulation gets heavily influenced by the lobbying and what I would…

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