Company Cancels $4.5B Louisiana Carbon Capture Project
Air Products said weak demand and high costs drove the cancellation, and it will also discontinue smaller clean-hydrogen projects.
- On Tuesday, Air Products announced it is scrapping the Louisiana Clean Energy Complex and will take a pretax charge of up to $2.9 billion in its fiscal third quarter tied to the cancellation.
- The company halted the project because expected financial returns failed to meet its "stringent" criteria, citing challenging commercial conditions and slower-than-expected hydrogen market development.
- Air Products also will discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, and other smaller-scale projects supporting clean energy distribution efforts.
- The Trump administration's signature tax bill slashed hydrogen fuel credits, making the cancellation the latest setback for clean fuel development in the United States.
- "Market reality is not matching the exuberance" seen a few years ago, said Joseph Majkut, director at the Center for Strategic and International Studies, citing reduced government support for climate action.
14 Articles
14 Articles
Air Products cancels Louisiana clean energy project - Regional Media News
(The Center Square) - Air Products and Chemicals, Inc. announced Tuesday it will not proceed with development of the Louisiana Clean Energy Complex, the company's proposed multi-billion-dollar blue hydrogen and carbon capture project in Ascension Parish. The Allentown, Pennsylvania-based company is abandoning the project after determining the long-term financial returns would fail to meet corporate profit targets. In a news release, Air Products…
Air Products will NOT build $4.5 Billion Clean Energy Complex in Ascension | Pelican Post - Online Newspaper
Ascension Parish President Clint Cointment released the following statement on Tuesday, June 30, 2026, following Air Products’ announcement that it will not move forward with its planned $4.5 billion Louisiana Clean Energy Complex in Ascension Parish. “This is a tough day for Ascension Parish and for Louisiana. We’re talking about the loss of thousands of jobs and billions of dollars in potential investment. Projects of this size are never guara…
The collapse of this $4.5B project could reshape Louisiana's industrial playbook
The collapse of Air Products' planned $4.5 billion Louisiana Clean Energy Complex is more than the loss of a single megaproject. It could reshape how companies view future carbon capture investments i… Already an INSIDER? Sign in. Already an INSIDER? Sign in
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