Plug Power and Olin's Hydrogen Initiative in St. Gabriel, Louisiana
Key Ideas
- Plug Power and Olin Corporation have commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana, marking a significant advancement in the regional hydrogen supply chain and the U.S. transition to low-carbon energy.
- The newly commissioned facility will enhance sustainability and profitability by liquefying hydrogen produced by Olin for distribution across the U.S., catering to Plug's material handling customers and utilizing a novel spot pricing market.
- This joint venture strengthens Plug's financial position by reducing reliance on third-party suppliers and expanding its U.S. hydrogen network, aligning with Olin's value-first approach to high-value adjacencies.
- Plug Power, a key player in the global hydrogen economy, is rapidly expanding its production capacity, with operational facilities in Georgia, Tennessee, and Louisiana, totaling 40 tons per day, leading the way in industrial power redefinition.
The joint venture between Plug Power Inc. and Olin Corporation, known as Hidrogenii, has recently commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana. This facility is one of the largest of its kind in North America and plays a crucial role in strengthening the regional hydrogen supply chain and accelerating the U.S. transition towards low-carbon energy sources. The plant is designed to liquify hydrogen produced by Olin for distribution through trailer shipments across the U.S., with a capacity of up to 15 TPD, increasing Plug's total production capacity to 40 TPD. The CEO of Plug Power, Andy Marsh, highlighted the plant as a significant milestone in expanding the U.S. hydrogen network, enhancing the company's financial position by reducing reliance on external suppliers. The President and CEO of Olin, Ken Lane, emphasized the value-driven approach of the joint venture, aligning with Olin's strategy of capital allocation. Established in 2022, Hidrogenii is part of Plug's broader strategy to develop a national green hydrogen network, complementing existing production sites in Woodbine, Georgia, and Charleston, Tennessee. Plug Power, a pioneer in the global hydrogen economy, offers a fully integrated ecosystem covering hydrogen production, storage, delivery, and power generation. With a strong presence across multiple continents, Plug Power leads in hydrogen production and aims to ensure a reliable, domestically produced hydrogen supply by expanding its generation network. The company's total production capacity is now 40 tons per day, solidifying its position as an industry leader in industrial power redefinition and energy decarbonization.
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