Key Takeaways Chevron plans to build a $5B blue hydrogen and ammonia plant in Port Arthur, Texas. CVX is pursuing HyVelocity Hub funding and 45V clean hydrogen production tax credits to lower project costs. Project Labrador aims to begin in 2027 and meet the 2028 deadline for 45V hydrogen tax credits.Chevron Corporation (CVX) , a U.S.-based oil and gas giant, is reportedly planning to construct a huge blue hydrogen and ammonia plant in Port Arthur, TX. The company has made the necessary filings for tax ab ...