Air Products CEO spells out new reality for clean hydrogen

Let me translate this into plain English for those still lost in the hydrogen haze: the CEO of Air Products—quite correctly, I might add—reminds us that virtue-signaling isn’t free, darling, and someone’s going to have to foot the bill. Since the market won’t touch hydrogen with a ten-foot pole—we’re lightyears away from anything resembling competitiveness—the public will be graciously compelled to bankroll the fantasy. Dress it up however you like—”strategic investment,” “green transition,” or other bureaucratic poetry—but it all boils down to this: the state must bleed cash to keep the dream alive, and bleed it shall. Never mind the pesky little detail of an inflation-rattled populace scraping by in a decaying economy—Air Products’ profit margins clearly take precedence.

Projects will progress only if they are backed by firm offtake deals, with much of firm’s clean hydrogen portfolio underperforming, Eduardo F. Menezes tells investors

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May 30, 2025/by Rudolf Huber

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