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Air Products cancels Louisiana clean energy project
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Air Products cancels Louisiana clean energy project

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  • Air Products (NYSE:APD) will not proceed with the Louisiana Clean Energy Complex, citing returns not meeting strict criteria.
  • The decision will trigger fiscal Q3 2026 pre-tax charges of up to $2.9 billion.
  • The company will also discontinue a zero-carbon liquid hydrogen facility in Arizona and smaller clean energy projects.

Air Products (NYSE:APD) announced it will not proceed with the Louisiana Clean Energy Complex, citing expected financial returns not meeting the company’s strict criteria.

The decision will trigger fiscal third quarter 2026 pre-tax charges of up to $2.9 billion, or about $2.2 billion after tax.

Air Products will also discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, and smaller clean energy projects while maximizing asset redeployment.

The company is separately finalizing a global marketing and distribution agreement with Yara for renewable ammonia from the NEOM Green Hydrogen Project in Saudi Arabia.

The company continues to evaluate and prioritize projects that meet its financial return thresholds while advancing its clean energy initiatives through partnerships.

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