CGI Gases Expanding into Hydrogen Market with $60m Plant in Ohio
Key Ideas
- CGI Gases is shifting towards hydrogen by investing in a $60m plant in Massillon, Ohio.
- The company is partnering with Babcock & Wilcox to develop the hydrogen plant, targeting a production capacity of up to five tons per day.
- The venture aims to start production by 2026, showcasing CGI Gases' commitment to the hydrogen market.
- Despite the tight timeline, CGI Gases and Babcock & Wilcox are optimistic about the project's success.
CGI Gases, an industrial gas distributor based in Washington, Pennsylvania, is making a strategic move into the hydrogen market. The company recently announced plans to invest in a $60m hydrogen plant in Massillon, Ohio, emphasizing its shift from industrial gas to hydrogen production. Partnering with US energy and technology company Babcock & Wilcox, CGI Gases aims to start production at the plant by 2026, with a focus on achieving a production capacity of up to five tons of hydrogen per day. This development signifies CGI Gases' commitment to embracing the future of hydrogen as a key player in the evolving energy landscape. Despite the aggressive timeline for the project, both CGI Gases and Babcock & Wilcox are confident in the success of the venture, highlighting their shared vision and determination to capitalize on the growing opportunities in the hydrogen market.