Global Gas is a pre-revenue startup developing hydrogen production and carbon dioxide recovery projects. Founded in 2023 and listed on the OTCQB market after a Nasdaq delisting in 2024, the company has two full-time employees and no paying customers. Global Gas's near-term plan is to resell hydrogen generation equipment — electrolyzers, steam methane reforming plants, compressors, storage tanks, and dispensers — sourced from third-party suppliers, while also offering engineering, procurement, and project management services for fees. Longer term, Global Gas aims to own and operate hydrogen and CO2 production plants, selling gas directly to industrial and transportation customers under long-term offtake contracts. Target customers include heavy-duty fleet operators, beverage and brewing companies that use CO2, and industrial hydrogen users. The long-term model centers on using low-cost waste feedstocks like landfill gas and agricultural waste, co-locating modular production systems at or near customer sites to minimize distribution costs, and recovering CO2 and oxygen alongside hydrogen to spread fixed costs across multiple revenue streams. Global Gas also plans to target the Inflation Reduction Act's clean hydrogen production tax credit, which offers up to $3.00 per kilogram for sufficiently low-carbon hydrogen. The company does not manufacture its own equipment, and targets project sizes from roughly 100 to 14,000 normal cubic meters per hour. As of filing, Global Gas has no revenue, no finalized customer or supplier agreements, and no operational plants.