Texas to build $100B hydrogen superhub with 180,000 jobs by 2050

According to a recent analysis, Texas could construct a $100 billion hydrogen economy and create 180,000 jobs along its Gulf coast by transforming its network of oil and petrochemical industrial complexes into a national H2 export superhub competitive with emerging global market players.

A study, based on research by McKinsey & Company for a group of business advocacy organizations, cites the following advantages: abundant renewable power generation and low-cost natural gas, existing hydrogen production and transportation capacity, favorable geological formations for CO2 storage, and local demand drivers in the second largest state economy in the United States.