Air Products to invest $ 500 million for Green Hydrogen facility in New York
US-based global industrial gases firm Air Products has announced its plans to invest approximately $500 million to build and operate a green liquid hydrogen facility at a greenfield site in Massena, New York. The planned site will have a production capacity of 35 metric ton per day, along with liquid hydrogen distribution and dispensing operations.
The commercial operation of this facility is targeted to begin in 2026-2027. Air Products already claims head start in hydrogen production and execution of low carbon hydrogen megaprojects at different regions, thereby driving the energy transition.
"We are very pleased to announce this proposed project as this shows our commitment to work closely with New York State to support its energy transition program by making real investments and creating highly paid jobs with our Massena green hydrogen project", said Seifi Ghasemi, Chairman, President and Chief Executive Officer, Air Products.
"This project is another demonstration of our leadership role in the low-carbon hydrogen and the hydrogen for mobility markets, and New York State's and IRA incentives will continue to encourage hydrogen's key role and our investment in the energy transition", he added.
In July 2022, the New York Power Authority (NYPA) board approved 94 MW of low-cost St. Lawrence hydroelectric power to Air Products for its significant investment and the creation of 90 jobs in New York State.
The project supports New York State's goal of becoming a 'Regional Clean Energy Hydrogen Hub', as announced by Governor Kathy Hochul in March 2022. New York's hydrogen hub ambitions directly support the goals of the State's Climate Leadership and Community Protection Act, according to the company.
Air Products has determined that the market demand warrants the investment in the project, assuming the receipt of certain local and state incentives, as well as any benefits from the Inflation Reduction Act (IRA), and which are anticipated in the current project budget.
Further to this proposed facility announcement, Air Products is also investigating the feasibility of establishing a hydrogen fueling station network in the United States' northeast region, including the ability to serve Air Products' truck fleet.
The company has already announced plans to convert its global fleet of approximately 2,000 trucks to hydrogen fuel cell zero-emission vehicles.