Plug Power and Olin Corporation's Hydrogen Plant Boosts Louisiana's Sustainability and Prosperity
Key Ideas
- The joint venture between Plug Power and Olin Corporation has commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana, enhancing the regional hydrogen supply chain and accelerating the U.S. transition to low-carbon energy.
- This facility will increase Plug's total hydrogen production capacity to 40 tons per day, reducing reliance on third-party suppliers and leveraging a cost-effective hydrogen source to bolster financial positions.
- The establishment of Hidrogenii in 2022 signifies a commitment to building a state-of-the-art liquid hydrogen facility in Louisiana, furthering Plug Power's strategy to scale a national green hydrogen network alongside existing production sites in Georgia and Tennessee.
- Plug Power, as a leader in the industry, supports global giants like Walmart and Amazon, contributing to energy independence and decarbonization on a large scale through their innovative hydrogen technology and infrastructure.
Hidrogenii, a joint venture between Plug Power Inc. and Olin Corporation, has successfully commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana. This facility, one of the largest electrolytic hydrogen liquefaction plants in North America, symbolizes a significant step towards strengthening the regional hydrogen supply chain and accelerating the United States' transition to low-carbon energy. The plant will be responsible for liquefying hydrogen produced by Olin for trailer shipments across the U.S., primarily serving Plug's material handling customers and utilizing Plug's spot pricing market.
By increasing Plug's total production capacity to 40 tons per day, this new facility is expected to reduce the company's reliance on third-party suppliers and enhance its financial position by leveraging a dependable and cost-effective hydrogen source. Plug's CEO, Andy Marsh, highlighted the importance of this Louisiana plant in expanding their U.S. hydrogen network. Ken Lane, President and CEO of Olin, emphasized that this joint venture aligns with Olin's value-first approach to pursuing high-value opportunities that complement their existing positions.
The establishment of Hidrogenii in 2022 marked the beginning of a journey to construct and operate a cutting-edge liquid hydrogen facility in Louisiana. This initiative is part of Plug Power's broader strategy to scale a national green hydrogen network, joining existing production sites in Georgia and Tennessee. Plug Power, a key player in building the global hydrogen economy, provides a fully integrated ecosystem spanning production, storage, delivery, and power generation.
Through their electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure, Plug Power serves various industries, including material handling, industrial applications, and energy production, contributing to energy independence and decarbonization at scale. The company has a significant global presence, with electrolyzers deployed across five continents and a large number of fuel cell systems and fueling stations in operation. Plug Power's commitment to expanding their generation network ensures a reliable and domestically produced hydrogen supply to support global giants like Walmart and Amazon.
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Production
Renewable Energy
Sustainability
Energy Transition
Manufacturing
Profitability
Industry Leadership
Joint Venture
Chemical Products
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