EQT Advances into Phase 1 Planning of Clean Hydrogen Project

Core Insights - EQT Corporation has advanced to Phase 1 Award Status for its clean hydrogen and low carbon aviation fuel initiatives in collaboration with the Appalachian Regional Clean Hydrogen Hub and the U.S. Department of Energy [1][2] Funding and Investment - The cooperative agreement unlocks $30 million in initial funding for Phase 1 projects, with a potential total of $925 million available in future phases as part of the Bipartisan Infrastructure Law, which allocates up to $7 billion for the Regional Clean Hydrogen Hubs Program [2] Project Details - EQT plans to construct a clean hydrogen production facility that will convert natural gas into hydrogen-rich syngas through autothermal reforming, subsequently producing low carbon aviation fuel and other liquid fuels [3] - The hydrogen will be purified from the syngas for use in fuel cell vehicles or for blending into gas distribution lines, with the project location still under consideration [3] Strategic Importance - The advancement of ARCH2 positions EQT and the Appalachian region to lead in the clean hydrogen economy, promoting economic growth and environmental improvements by decarbonizing hard-to-abate industries [4] - The company emphasizes its role in climate progress, having increased production by 50% and reduced legacy Scope 1 and 2 production emissions by nearly 70% over the past five years [5]