June 28, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The rising demand for lower-carbon hydrogen is driving much of the activity in the U.S. industrial gases sector, with some of the biggest players trying to figure out how much investment would be justified in new production facilities. More traditional products, like nitrogen and argon, also are getting attention.

Industrial Info is tracking more than $1.75 billion worth of industrial gas-production projects in the U.S. that are set to begin construction in the third quarter, all but a few of which are grassroot projects. Companies with looming projects include Lone Cypress Energy Services LLC, California Resource Corporation (NYSE:CRC), SGH2 Energy Global LLC and Linde plc (NYSE:LIN).