Brief: Air Products And AES Announce Plans To Invest About $4 Billion To Build First Green Hydrogen Production Facility In Texas

AES

08/12/2022 13:51

Dec 8 (Reuters) - AES Corp  AES.N :
    * AIR PRODUCTS AND AES ANNOUNCE PLANS TO INVEST
APPROXIMATELY $4
BILLION TO BUILD FIRST MEGA-SCALE GREEN HYDROGEN PRODUCTION
FACILITY IN TEXAS
    * AES CORP - AIR PRODUCTS TO SERVE AS EXCLUSIVE OFF-TAKER
AND
MARKETER OF GREEN HYDROGEN UNDER A 30-YEAR CONTRACT
    * AES CORP - PROJECT EXPECTED TO GENERATE APPROXIMATELY $500
MILLION IN TAX BENEFITS TO STATE OVER COURSE OF PROJECT'S
LIFETIME
    * AES CORP-FACILITY TO BEGIN OPERATIONS IN 2027, WILL SERVE
GROWING DEMAND FOR ZERO-CARBON INTENSITY FUELS FOR MOBILITY
MARKET, OTHER INDUSTRIAL MARKETS
    * AES CORP- PROJECT WOULD CREATE MORE THAN 1,300
CONSTRUCTION, 115
PERMANENT OPERATIONS JOBS, AS WELL AS ABOUT 200 TRANSPORTATION
AND DISTRIBUTION JOBS

Source text for Eikon:  ID:nPn3Br2txa 
Further company coverage:  AES.N 
 ((Reuters.Briefs@thomsonreuters.com;))