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Wyoming's HB 120 aims to incentivize companies to convert natural gas into hydrogen and ammonia, bypassing export restrictions from West Coast states. The bill proposes a reduced tax of 2% and a fast-tracked 45-day permitting process in designated 'industrial sovereign zones.'

Rep. Kevin Campbell highlighted the market potential for hydrogen and ammonia, which are sought by countries like Japan and South Korea amid a global ammonia shortage. HB 121 addresses hydrogen severance tax, while HB 116 specifies that separating hydrogen from water is not a beneficial use of water. The state seeks to establish itself in the clean energy market by 2030.