Wyoming Lawmakers Propose Bills to Convert Natural Gas into Hydrogen and Ammonia Amid Export Challenges
Wyoming lawmakers introduced HB 120 to incentivize converting natural gas into hydrogen and ammonia, aiming to bypass export restrictions. The bill proposes lower taxes and fast-tracked permits for companies in designated zones. A related bill, HB 121, addresses hydrogen severance tax, while HB 116 focuses on water rights in hydrogen production. The push comes as Asian countries seek hydrogen and ammonia amidst a global shortage. The legislation aims to establish Wyoming as a key player in the clean energy market by 2030.
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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.
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