Hynion and Greenlogix to form JV for clean hydrogen and carbon
The technology uses less energy and produces hydrogen with no CO2 or other greenhouse gases.
Hynion and Greenlogix will form a joint venture for commercialising a new hydrogen production technology for Hynions hydrogen filling station and commercialising solid-state carbon as a product.
The goal is to ensure a steady flow of hydrogen and carbon to meet the ever-increasing demand for clean fuel and new materials for high-tech constructions.
Both partners have tested the technology concepts and are now ready to build a pilot plant to verify the technology. The plan is to integrate the Greenlogix hydrogen production plant with Hynion next-generation hydrogen station. The plant will be built in Scandinavia, though the exact location has not yet finalised.
The pilot plant will deliver enough hydrogen to supply a smaller truck fleet or a taxi fleet of up to 200 taxis. Furthermore, the plant will produce solid-state carbon in qualities that are highly sought after in new high-tech applications. The capacity can be expanded in a modular approach to meet increasing demand.
Manfred Lenzi, CEO of AGT, said “Our technology is a catalytic conversion unit that can make use of any hydrocarbon and split it into pure carbon and hydrogen. We have developed and tested the technology over a longer period, and it is now ready for pilot plant operation.”
Ulf Hafseld, CEO of Hynion, said, “We are excited to enter into this collaboration with Greenlogix. By combining the plant and the station, we will make use of both product streams in a very efficient way. This setup will make hydrogen competitive with diesel for long-haul transports.
Mr Hafseld added, “There is a revenue stream from carbon sales, which makes it possible to move faster towards our target of becoming a profitable hydrogen fuel retailer.”