Plug Power (PLUG) and Olin Corporation have jointly unveiled a new hydrogen liquefaction plant in St. Gabriel, Louisiana, through their joint venture, Hidrogenii. The plant, capable of processing 15 metric tons of hydrogen daily, is set to significantly strengthen the regional hydrogen supply chain, playing a vital role in the U.S.'s transition towards a low-carbon energy landscape. The facility will liquefy hydrogen produced by Olin and distribute it across the country via trailers, mainly catering to Plug Power's material handling clients and utilizing innovative spot pricing strategies. The addition of this plant elevates Plug Power's hydrogen production capacity to a total of 40 metric tons per day, positioning the company as a key player in the hydrogen industry. Wall Street analysts foresee a promising future for Olin Corp, with price targets averaging $30.28 and a positive upside potential. Moreover, brokerage firms recommend holding Olin Corp's stock, and GuruFocus estimates indicate a substantial upside in the stock value, reflecting overall positive market sentiments towards the developments.