Olin's Sustainable Growth: Hydrogen Capture in St. Gabriel Facility
Key Ideas
- Olin Corporation and Plug Power Inc. have commissioned a 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana, enhancing the regional hydrogen supply chain and supporting the U.S. shift towards low-carbon energy.
- The facility will liquefy hydrogen produced by Olin for trailer shipments across the U.S., increasing Plug's total production capacity to 40 TPD and reducing reliance on third-party suppliers.
- This joint venture not only strengthens the financial positions of both companies but also aligns with Olin's strategy of high-value adjacencies, contributing to the expansion of a national green hydrogen network.
- Hidrogenii, the joint venture between Olin and Plug, aims to deliver reliable, domestically sourced hydrogen to meet the rising demand in mobility, power, and industrial markets, supporting the growth of the American hydrogen economy.
Olin Corporation and Plug Power Inc. have announced the commissioning of a 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana, through their joint venture called Hidrogenii. This facility stands out as one of the largest electrolytic hydrogen liquefaction plants in North America, emphasizing a significant step towards fortifying the regional hydrogen supply chain and expediting the U.S.'s transition to low-carbon energy sources.
The newly operational plant in Louisiana is designated to liquefy hydrogen produced by Olin, catering to trailer shipments nationwide and catering to Plug's customers in material handling through their innovative spot pricing market. By achieving a maximum capacity of 15 TPD, the plant elevates Plug's overall production capability to 40 TPD, optimizing the company's self-sufficiency in the hydrogen supply chain and diminishing dependence on external suppliers.
Andy Marsh, the CEO of Plug, commented on the financial benefits derived from the Louisiana facility, emphasizing the strategic advantage of accessing a reliable and cost-effective hydrogen source. Ken Lane, President and CEO of Olin, reiterated the venture's alignment with Olin's growth strategy, focusing on high-value additions that complement the company's existing strengths.
Hidrogenii was established to manage and operate the cutting-edge hydrogen liquefaction plant in St. Gabriel, Louisiana, contributing significantly to Plug's broader initiative of establishing a national green hydrogen network. This plant joins Plug's existing production sites in Woodbine, Georgia, and Charleston, Tennessee, further solidifying the company's presence in the hydrogen market.
The partnership between Olin and Plug represents a pivotal move towards fostering the American hydrogen economy by delivering domestically sourced hydrogen to meet the escalating demands across various sectors such as mobility, power, and industries. By leveraging their combined expertise and infrastructure, Hidrogenii aims to play a crucial role in fueling the growth of sustainable hydrogen solutions in the United States.
Topics
Utilities
Sustainability
Manufacturing
Profitability
Low-carbon Energy
Energy Independence
Joint Venture
Regional Supply Chain
Liquefaction Plant
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