Chevron eyes $5B blue ammonia plant as part of Texas hydrogen hub

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Chevron Reports $8.3 Billion Loss For Second Quarter

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Chevron (NYSE:CVX) has filed for tax abatements to build a massive $5B low-carbon hydrogen and ammonia plant in Port Arthur, Texas, and has requested funding as part of the state's federally-funded HyVelocity Hub, HydrogenInsight.com reported Thursday.

The Project Labrador development

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