Monarch Energy, an energy company focused on decarbonizing the hydrogen production process, announced it is exploring building a $426 million facility in Ascension Parish, stated Louisiana Economic Development. The company estimates the proposed facility would employ a carbon-free process to manufacture 120,000 kilograms of hydrogen per day to be sold as a “green” feedstock for a wide range of industrial and chemical processes. The company expects to make a final investment decision and begin construction in 2025. It anticipates commercial operations to commence in 2027.
Statement https://is.gd/YULlkl
