ExxonMobil threatens to scrap world's largest blue hydrogen project over US emissions criteria for tax credits

Requirements to use zero-carbon electricity in H2 production processes could push the project into the tax break’s lowest bracket

An aerial photograph of the Baytown refining complex.
An aerial photograph of the Baytown refining complex.Photo: ExxonMobil
Published 23 February 2024, 13:48Updated 23 February 2024, 13:48
Blue H2ExxonMobilSubsidiesUSTexas