"The sector has faced setback after setback under the Trump administration, which pulled funding for Exxon’s “blue” hydrogen project earlier this year."
"Exxon Mobil has pulled the plug on what would have been one of the world’s largest hydrogen plants, the latest setback for the effort to scale production of low-carbon versions of the fuel.
In 2022, the oil giant announced plans to build a facility at its refining and petrochemical complex in Baytown, Texas, with the capacity to produce 1 billion cubic feet per day of so-called blue hydrogen, which is made using natural gas and carbon-capture equipment. It won a nearly $332 million grant from the Biden administration’s Department of Energy to finance the project.
But the Trump administration yanked that funding this spring. Since blue hydrogen typically costs about one-third more than the “gray” version of the fuel made with unmitigated gas, Exxon Mobil CEO Darren Woods said the company could not find enough buyers willing to pay the premium."
Alexander C. Kaufman reports for Canary Media December 1, 2025.
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