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Texas could build a $100bn hydrogen economy and create 180,000 jobs along its Gulf coast, transforming the network of oil and petrochemical industrial complexes currently in operation there into a national H2 export superhub competitive with emerging global market players, according to a new report.
Among the advantages cited in the study, based on research by McKinsey & Company for a cadre of business advocacy bodies, are: abundant renewable power generation and low-cost natural gas, existing hydrogen production and transportation capacity, favourable geological formations for CO2 storage, and local demand drivers in the second largest US state economy. Join over 2500 stakeholders: Offshore Wind and Hydrogen
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