Monday, February 26, 2024

Plug, Olin Corporation JV to build a 15-ton-per-day hydrogen plant

Hydrogen and fuel cell systems company Plug Power, and chlor alkali producer and marketer Olin Corporation announced the launch of a joint venture that will kick off with the construction of a 15-ton-per-day hydrogen plant in St. Gabriel, Louisiana.

Named Hidrogenii, the joint venture will support the reliability of supply and speed to market for green hydrogen throughout North America, setting the foundation for broader collaboration between the two companies.

The partnership brings together Plug, the company behind the end-to-end green hydrogen ecosystem, and Olin, North America’s largest producer of electrolytic hydrogen. Plug will be the exclusive marketer of the joint venture’s hydrogen and provide logistical support for delivery, while Olin will supply dependable hydrogen supplies and operational know-how.

“Plug is working rapidly to meet the increasing demand of green hydrogen in North America and in the rest of the world,” Andy Marsh, CEO of Plug, said. “By partnering with like-minded companies, such as Olin, we’ll make the transition to hydrogen easy and affordable.”

The Louisiana plant joins Plug’s growing national network of hydrogen plants in various planning and construction phases in New York, Tennessee, Georgia, Texas, and California. The move supports Plug’s wider ambition to produce 500 tons of liquid green hydrogen daily by 2025, which would prevent over four million metric tonnes of carbon dioxide emissions in North America. Plug expects to produce 1,000 tons per day of liquid green hydrogen by 2028.