The American Petroleum Institute (API) has released the following statement from API Senior Vice President of Policy, Economics, and Regulatory Affairs Dustin Meyer on the U.S. Department of the Treasury’s final regulations for the Section 45V Clean Hydrogen Production Tax Credit.
“Clear, consistent policy is essential for building a lower-carbon hydrogen industry and strengthening America's energy leadership. Treasury's 45V guidance marks a meaningful step forward, encouraging innovation while driving progress on emissions. This framework offers an opportunity for natural gas, when paired with carbon capture and storage, to compete more fairly in new markets and meet growing demand for affordable, reliable, lower-carbon energy. We look forward to collaborating with the incoming administration to uphold technology-neutral hydrogen policies that position the U.S. as a global leader in innovation.”