HOUSTON, Texas -- U.S. tax credit rules may upend what is set to be the world's largest low-carbon hydrogen and ammonia development project by ExxonMobil and Japanese energy company JERA, the U.S. oil major has said.
Energy
Exxon says U.S. subsidy rules threaten hydrogen-ammonia project
Oil major and JERA mull joint project but fate of tax credits uncertain
Exxon is developing what is expected to be the world's largest low-carbon hydrogen and ammonia production plant at its Baytown Complex in Texas. © Reuters
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