Category: Markets
Published: 2026-06-30T14:32:10.000Z
Air Products has canceled its Louisiana Clean Energy Complex project, citing that the expected financial returns did not meet the company's strict criteria. This decision will result in pre-tax charges of up to $2.9 billion in fiscal Q3 2026. The company is also discontinuing other clean energy projects, including a zero-carbon liquid hydrogen facility in Arizona, but will continue to pursue clean energy initiatives through partnerships and evaluate projects based on financial return thresholds.
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