Interfax reported that Russian nucler power giant Rosatom's cooperation agreement with France's Air Liquide for a project to build a hydrogen production complex on Sakhalin Island has expired and Rosatom is now continuing the implementation of the project independently with the participation of a number of Russian and foreign partners.Air Liquide, a leading producer of industrial gases, announced last week that it intends to exit Russia. The company said it signed a memorandum of understanding with the local management team with the objective to transfer its activities in Russia in the framework of a management buyout. This is subject to Russian regulatory approvals.Rusatom Overseas, Air Liquide and the Sakhalin regional government signed a memorandum of understanding in the spring of 2021 to study the possibility of building a complex on Sakhalin Island to produce up to 100,000 tonnes of hydrogen per year. The parties completed a feasibility study for the project in February 2022.
Interfax reported that Russian nucler power giant Rosatom's cooperation agreement with France's Air Liquide for a project to build a hydrogen production complex on Sakhalin Island has expired and Rosatom is now continuing the implementation of the project independently with the participation of a number of Russian and foreign partners.Air Liquide, a leading producer of industrial gases, announced last week that it intends to exit Russia. The company said it signed a memorandum of understanding with the local management team with the objective to transfer its activities in Russia in the framework of a management buyout. This is subject to Russian regulatory approvals.Rusatom Overseas, Air Liquide and the Sakhalin regional government signed a memorandum of understanding in the spring of 2021 to study the possibility of building a complex on Sakhalin Island to produce up to 100,000 tonnes of hydrogen per year. The parties completed a feasibility study for the project in February 2022.