Air Products says it is positive about the regulatory environment to drive the energy transition – and about the progress of its flagship low- and no-carbon hydrogen projects.
“Sometimes it can feel like the regulatory context is stop-start, but it is two steps forward and one back rather than the reverse of that. Things are moving ahead,” said Shailesh Gangoli, Business Director for the West at the industrial gases major.
Gangoli was addressing delegates on the final day of the Independent Welding Distributors Cooperative’s (IWDC) three-day Gas Meeting in Santa Rosa, California.
He said federal support from the 2022 Inflation Reduction Act and other similar legislation, plus state-level regulations and incentives in places like California, was working and providing enough clarity for projects, and was well-aligned with other drivers, like the ESG (environmental, social, governance) responsibilities of corporates, which drives demand for low-carbon-intensity energy.
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