Fuel Cell Plug Power, Olin to Develop 15 tpd Plant for Producing Green Hydrogen
Source: Press release
Plug Power and Olin Corporation have come together to establish a joint venture under which both the companies will produce as well as market green hydrogen in the background of rising demand for fuel cell in the global hydrogen economy. The JV will set up its first green hydrogen production plant in St. Gabriel, Louisiana, USA which is expected to produce 15 tons per day.
New York/USA – Plug Power and Olin Corporation, a leading vertically integrated chlor alkali producer and marketer, has recently announced the signing of a memorandum of understanding (MOU) with the intention to create a joint venture (JV) to produce and market green hydrogen to support growing fuel cell demand in the global hydrogen economy.
The JV is the first of its kind and will provide reliability of supply and speed to market for green hydrogen throughout North America, setting the foundation for broader collaboration between the two companies. The first production plant in St. Gabriel, Louisiana will produce 15 tons per day (tpd) of green hydrogen.
This partnership brings together Olin, North America’s largest producer of electrolytic hydrogen, with Plug Power, who is building an end-to-end global green hydrogen ecosystem. Under the JV, Plug Power will market the hydrogen and provide logistical support for delivery while Olin will provide reliable hydrogen production and operational support.
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This JV activity will expand Plug Power’s existing work to build a ‘first of a kind’ green hydrogen generation network in North America to help customers achieve their sustainability goals of net-zero carbon emissions.
“We believe widespread availability of green hydrogen will create a flywheel effect by making green hydrogen ubiquitous and economical, helping accelerate the proliferation of numerous fuel cell applications,” said Andy Marsh, CEO of Plug Power.
The joint venture is expected to be operational in 2023.
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