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Hyundai details $6B steel mill in Louisiana, commitment to 'hydrogen economy'(The Center Square) - (The Center Square) − Louisiana's Clean Hydrogen Task Force on Monday was briefed by Hyundai officials outlining their $6 billion vision for a hydrogen-integrated steel mill in Ascension Parish — what the company called a "catalyst for the hydrogen ecosystem" in the state. The proposed mill is projected to be operational by 2029, but company officials acknowledged significant challenges ahead, including the high cost of hydrogen production and uncertainty around future federal tax incentives. "Until we get these prices down, a smart investor or business person can't make some of these investments," said Mark Zappi, executive director of the Energy Institute of Louisiana. Hyundai North America Senior Vice President Jim Park reaffirmed the company's commitment to the project despite changes to federal policy. When asked if the rollback of hydrogen production tax credits in President Donald Trump's proposed "Big Beautiful Bill" might slow progress, Park responded that Hyundai had an "unwavering commitment to the "hydrogen economy." The company framed the integrated steel mill as the first step in developing Louisiana into a national hydrogen leader. Hyundai described a three-stage strategy beginning with fostering hydrogen demand at the steel mill, expanding adoption across other industrial sectors and lastly building a statewide hydrogen ecosystem. "Hydrogen presence across industries [will help] decarbonize business practices,"
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