Plug Power Inc. and Olin Corporation launched a joint venture to construct a 15-ton-per-day hydrogen plant in St. Gabriel, Louisiana.
The joint venture, named Hidrogenii, will support the reliability of supply and speed to market for green hydrogen throughout North America, setting the foundation for broader collaboration between the two companies.
The partnership brings together Plug, the company behind the end-to-end green hydrogen ecosystem, and Olin, North America’s largest producer of electrolytic hydrogen. Plug will be the exclusive marketer of the joint venture’s hydrogen and provide logistical support for delivery, while Olin will provide reliable hydrogen supply and operational expertise.
The plant will benefit from state and local tax subsidies. The plant construction will create 160 jobs in 2022 and 215 jobs in 2023.
The Louisiana plant joins Plug’s growing national network of hydrogen plants in various planning and construction phases in New York, Tennessee, Georgia, Texas and California. By 2025, Plug expects to produce 500 tons/day of liquid green hydrogen, preventing 4.3 million metric tons of carbon dioxide emissions in North America. By 2028, Plug expects to produce 1,000 tons/day of liquid green hydrogen.
Andy Marsh, CEO of Plug, said, “Plug is working rapidly to meet the increasing demand of green hydrogen in North America and in the rest of the world.”
Scott Sutton, Olin Chairman, said, “The Hidrogenii venture advances our commitment to transform Olin’s hydrogen business into a value stream as we seek to grow the value of our 150,000 metric tons of annual hydrogen production capacity.”