PMF Industries Expands into Clean Hydrogen Market with Government Support
Key Ideas
- PMF Industries in Williamsport is expanding its operations to produce metallic liners for hydrogen transport, supported by a $4.6 million investment from the Commonwealth.
- This expansion project will create at least 20 new full-time jobs and retain 78 existing jobs in the manufacturing industry.
- The company's growth into the clean hydrogen market aligns with Pennsylvania's goal of becoming a leader in clean energy production and innovation.
- The state's investment includes a $4.5 million loan, a $138,000 grant, and a $11,000 training support grant to help PMF Industries transition into the hydrogen containment market.
PMF Industries in Williamsport is gearing up to enter the clean hydrogen market with a $7 million expansion project funded by a $4.6 million investment from the Commonwealth of Pennsylvania. The company plans to construct a 16,000-square-foot facility to manufacture metallic liners for storing and transporting hydrogen via trucks, planes, and boats. This move is part of Pennsylvania's initiative to boost its clean energy industry and create job opportunities. The expansion includes the addition of a hot spinning machine and an aluminum heat treating and tempering furnace. PMF Industries, a 63-year-old company, specializes in producing tubular components for various industries such as aerospace, defense, and power generation.
The investment from the Commonwealth includes a $4.5 million loan, a $138,000 grant, and an $11,000 training support grant to facilitate the company's transition into the hydrogen containment market. Governor Josh Shapiro emphasized the importance of strategic investments to strengthen industries and create employment. This project aligns with the state's Economic Development Strategy, focusing on making Pennsylvania more competitive economically. PMF Industries' expansion into the clean hydrogen market demonstrates its commitment to innovation and sustainability, positioning itself as a key player in the industry. The company's leadership praised the government's support for small and mid-size businesses, acknowledging the role of these investments in driving economic growth and energy innovation in Pennsylvania. The project, scheduled to commence production in 2025, is a testament to the collaborative efforts between the private sector and government to propel the state towards a cleaner energy future.