Group 1 - Chevron Corporation plans to construct a $5 billion blue hydrogen and ammonia plant in Port Arthur, Texas [1][9] - The project, named Project Labrador, is expected to start construction in 2027 and begin commercial operations in 2032 [2][9] - Chevron is seeking funding through the HyVelocity Hub initiative to reduce the total investment in this low-carbon energy project [2][4] Group 2 - The project may qualify for tax exemptions, targeting the 10-year 45V clean hydrogen production tax credit, which could provide up to $3 per kilogram of clean hydrogen produced [3][4] - Chevron has made necessary filings for tax abatements to support the construction of the plant [1][4] - The successful development of Project Labrador could meet the deadline for accessing the 45V hydrogen tax credits, which expire on January 1, 2028 [3][9]