Policy

US Senate budget bill increases 45Q tax credit for blue hydrogen projects that use captured CO₂ for enhanced oil recovery

The same bill removes multiple tax credits for green hydrogen and renewable energy

Senator Mike Crapo, chairman of the Senate finance committee, which approved the increase in 45Q credits for enhanced oil recovery.
Senator Mike Crapo, chairman of the Senate finance committee, which approved the increase in 45Q credits for enhanced oil recovery.Photo: Getty Images
Editor, Hydrogen Insight
Published 20 June 2025, 12:52Updated 20 June 2025, 12:52
USSubsidiesBlue H2Carbon capture utilisation and storage