Air Products is still weighing its options when it comes to a stalled Louisiana project that has been billed as the company’s largest U.S. investment, reports WFMZ.com
The Louisiana Clean Energy Complex came with a $4.5 billion price tag when it was first announced in 2021. It would produce low-carbon hydrogen and ammonia. The complex was originally expected to be operational this year, but the project was put on hold in early 2025 following the ouster of then-CEO Seifi Ghasemi.
His successor, Eduardo Menezes, has pushed a back-to-basics approach for the industrial gas company. The main issue — they had decided to build a plant without a customer. Instead, Air Products found a potential partner to own and operate the ammonia side of the business: Yara International, a Norwegian company that produces and distributes fertilizers and nitrogen-based chemicals, including ammonia. Read more from WFMZ.com.
