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Wyoming lawmakers introduced HB 120 to incentivize converting natural gas into hydrogen and ammonia, aiming to bypass export restrictions. The bill proposes lower taxes and fast-tracked permits for companies in designated zones.

A related bill, HB 121, addresses hydrogen severance tax, while HB 116 focuses on water rights in hydrogen production. The push comes as Asian countries seek hydrogen and ammonia amidst a global shortage. The legislation aims to establish Wyoming as a key player in the clean energy market by 2030.