US Edition'Big, beautiful bill' kills hydrogen production credit, keeps carbon capture credit
- The proposed "One Big Beautiful Bill" would eliminate the tax incentive currently available for producing low-carbon hydrogen starting in 2026, impacting energy initiatives based in Louisiana.
- This proposal follows ongoing lobbying by energy companies aiming to preserve the carbon capture Section 45Q credit amid Louisiana Legislature restrictions, while efforts seek to terminate 45V.
- Louisiana has become a hub with 46 planned low-carbon hydrogen and ammonia projects, including major investments by Air Products, CF Industries, Bia Energy, Clean Hydrogen Works, and Monarch Energy.
- CF Industries expects its Donaldsonville CCS project to raise free cash flow by about $100 million annually due to the 45Q credit, while Air Products claimed $19.7 million in federal credits in 2024, with unclear 45V attribution.
- If the bill passes, companies will lose 45V incentives and face tougher economics, potentially threatening project viability and causing mixed market reactions on product pricing, according to CF’s Ryan Stiles.
57 Articles
57 Articles
'Big, beautiful bill' kills hydrogen production credit, keeps carbon capture credit
(The Center Square) − President Trump's "One Big Beautiful Bill Act" would terminate the Section 45V tax credit for clean hydrogen production beginning in 2026, potentially reshaping the economics of several major energy projects in Louisiana.
'Big, Beautiful Bill' Kills Hydrogen Production Credit, Keeps Carbon Capture Credit
(The Center Square) − President Trump’s “One Big Beautiful Bill Act” would terminate the Section 45V tax credit for clean hydrogen production beginning in 2026, potentially reshaping the economics of several major energy projects in Louisiana. The legislation could eliminate billions in incentives for companies investing in low-carbon hydrogen and ammonia production. CF Industries, one […] The post ‘Big, Beautiful Bill’ Kills Hydrogen Production…
Trump’s ‘beautiful’ bill would eliminate hydrogen production credit
President Donald Trump’s “One Big Beautiful Bill Act” could upend Louisiana’s clean hydrogen economy by eliminating a popular tax credit starting next year, The Center Square writes. The Section 45V tax credit, created under the Inflation Reduction Act, has been a cornerstone incentive for major low-carbon hydrogen and ammonia projects statewide. CF Industries, Air Products and Plug Power are among the companies that have leveraged the credit t…
Coverage Details
Bias Distribution
- 54% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
