Leading vertically integrated chlor alkali producer Olin Corporation and Plug Power Inc have signed a memorandum of understanding with the intention to create a joint venture 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 in Louisiana will produce 15 tons per day of green hydrogen.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.The joint venture is expected to be operational in 2023.
Leading vertically integrated chlor alkali producer Olin Corporation and Plug Power Inc have signed a memorandum of understanding with the intention to create a joint venture 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 in Louisiana will produce 15 tons per day of green hydrogen.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.The joint venture is expected to be operational in 2023.
