Chemours and BWT partner to support fuel cell transportation
50-50 partnership focuses on filling the pipeline critical to advancing the hydrogen economy.
The Chemours Company plans to enter into a joint venture with BWT Fumatech Mobility GmbH to enable the capacity and innovation required by the transportation fuel cell market.
Completion of the transaction is subject to customary regulatory approvals. The joint venture—The Mobility F.C. Membranes Company GmbH—is rooted in both companies’ understanding of heavy-duty fuel cell (HDFC) membranes’ critical role in driving the global hydrogen economy.
Through this partnership, Chemours and BWT will integrate their complementary capabilities, resources, and technological expertise—as well as more than 85 years of combined experience in fuel cell membrane innovation—to expedite supply to original equipment manufacturers (OEMs) and to ensure growing demand is met in the near and long terms.
The companies estimate that within 12 months of startup, the joint venture will be able to ramp up the capacity of manufacturing heavy-duty humidifiers and fuel cell membranes for long-term strategic customers.
Denise Dignam, President at Chemours, said, “Chemours is committed to taking on the world’s biggest challenges through the power of our chemistry and driving investment in supporting the hydrogen economy.”
Andreas Weissenbacher, CEO of BWT, said, “In coming together to combine the best assets and competencies of both partners, The Mobility F.C. Membranes Company GmbH, will focus on establishing the resources and processes to secure the path for long-term success in line with the growth within the hydrogen space.”