Air Products is confident about how the blue ammonia markets are shaping up, ahead of its massive Louisiana Clean Energy Complex, which will make blue hydrogen and blue ammonia, being fully commissioned and coming onstream in 2028.
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Air Products expects to cease operation of all stand-alone steam methane reformers (SMRs) and have stopped or nearly stopped production of grey hydrogen within ten years.
Air Products is not planning to spin out its hydrogen business as a separate entity in the next few years, as the nascent market for hydrogen is still developing and the price of the gas molecule in its different forms of production is not very settled.