Louisiana-based Maritime Partners acquires methanol-to-hydrogen marine company

Beau Berthelot, vice president of business development, Maritime Partners, Metairie

Louisiana-based maritime financing company Maritime Partners has completed its acquisition of e1 Marine, a company that produces hydrogen generation technology for the marine sector, reports Marine Link.

Originally formed as a partnership between Maritime Partners, Element 1 and Ardmore Shipping, e1 Marine provides clean energy technologies, including advanced methanol-to-hydrogen generation products, which provide an alternative, cleaner fuel source for marine vessels. The technology comes from Element 1, a developer of advanced hydrogen generation systems supporting the fuel cell industry.

Maritime Partners is currently working to implement the e1 Marine generation technology on board Hydrogen One, a first-of-its-kind towboat to be built by Bourg, La., shipyard Intracoastal Iron Works and operated by Jeffersonville, Ind.-headquartered American Commercial Barge Line (ACBL). Read more.