Plug Power Inc. of Latham, N.Y., and Olin Corp. of Clayton, Mo., signed a memorandum of understanding April 29 to create a joint venture to produce and market green hydrogen in support of growing fuel cell demand, reports Chemical Engineering. The first production plant, to be located in St. Gabriel, will produce 15 metric tons per day of green hydrogen.
The 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. The JV 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.
Under the arrangement Plug Power will market the hydrogen and provide logistical support for delivery while Olin will provide reliable hydrogen production and operational support. Read the entire story.