Dubbed Hidrogenii, the joint venture is hoped to support the supply of green hydrogen to the market across North America, utilising each company’s experience, setting the foundations for broader collaboration in the future.
The anticipated plant in St. Gabriel, Louisiana is planned to produce 15 tonnes of green hydrogen per day, contributing to Plug Power’s plans of establishing up to 500 tonnes of daily liquid green hydrogen production capacity in the US by 2025, ahead of expanding capacity to 1,000 tonnes per day by 2028.
“Plug is working rapidly to meet the increasing demand of green hydrogen in North America and in the rest of the world. By partnering with like-minded companies, such as Olin, we’ll make the transition to hydrogen easy and affordable,” said Andy Marsh, CEO of Plug Power.
H2 View understands Plug Power will be the exclusive marketer of the joint venture produced hydrogen and will provide logistical support for its delivery, while chlor alkali producer and marketer, Olin will provide reliable hydrogen supply.
Scott Sutton, Chairman, President, and CEO of Olin Corporation, commented, “The Hidrogenii venture advances our commitment to transform Olin’s hydrogen business into a value stream as we seek to grow the value of our 150,000 tonnes of annual hydrogen production capacity. We are excited to partner with Plug, a leader in sustainable hydrogen, to serve the growing demand for green hydrogen.”
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