US green fuel company HIF Global has a big vision for Texas’s Matagorda County: a $7bn (\u00a35.2bn) commercial scale e-methanol factory to supply the world market.<\/p>\n\n\n\n
The plant, which it claims would be the largest to date anywhere, would make e-methanol from captured carbon dioxide and green hydrogen produced on site using renewable energy.<\/p>\n\n\n\n
Its construction would create thousands of jobs and the product would power ships and planes in a far cleaner way.<\/p>\n\n\n\n
But the company has yet to make its final investment decision. It is waiting to see what the Republican-led Congress does to clean energy tax credits, in particular the one for clean hydrogen production.<\/p>\n\n\n\n
The fate of the subsidies is part of a sweeping budget bill currently under consideration by the Senate.<\/p>\n\n\n\n
A version of the legislation\u00a0\u00a0cuts the hydrogen tax credit, amongst others, and scales back more.<\/p>\n\n\n\n
The clean hydrogen tax credit would help reduce the cost of the American technology going into the facility, and aide in competing with Chinese e-methanol producers, says Lee Beck, HIF Global’s senior vice president for global policy and commercial strategy.<\/p>\n\n\n\n
“The goal is not to be dependent on tax credits over the long run, but to get the project started.”<\/p>\n\n\n\n
Ms Beck can’t say yet what the outcome for the Matagorda facility will be if the tax credit is ultimately killed, except that it will make things hard \u2013 and the US isn’t the only location the company operates in.<\/p>\n\n\n\n
<\/p>\n\n\n\n
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US green fuel company HIF Global has a big vision for Texas’s Matagorda County: a $7bn (\u00a35.2bn) commercial scale e-methanol factory to supply the world market. The plant, which it claims would be the largest to date anywhere, would make e-methanol from captured carbon dioxide and green hydrogen produced on site using renewable energy. Its […]<\/p>\n","protected":false},"author":1,"featured_media":6046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","inline_featured_image":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_3859443944190656_798604363342440":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-6045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sci-tech"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/6045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6045"}],"version-history":[{"count":1,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/6045\/revisions"}],"predecessor-version":[{"id":6047,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/6045\/revisions\/6047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/media\/6046"}],"wp:attachment":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}