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Plug, Olin Corporation launch joint venture for 15-tpd H2 plant

Plug Power and Olin Corporation announced the launch of a joint venture to begin with the construction of a 15-tpd H2 plant in St. Gabriel, Louisiana. The joint venture, named Hidrogenii, will support reliability of supply and speed to market for green H2 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 H2 ecosystem, and Olin, North America’s largest producer of electrolytic H2. Plug will be the exclusive marketer of the joint venture’s H2 and provide logistical support for delivery, while Olin will provide reliable H2 supply and operational expertise.

“Plug is working rapidly to meet the increasing demand of green hydrogen in North America and in the rest of the world,” Andy Marsh, CEO of Plug, said. “By partnering with like-minded companies, such as Olin, we’ll make the transition to hydrogen easy and affordable.”

The plant will benefit from state and local tax subsidies. The construction of the plant will create 160 jobs in 2022 and 215 jobs in 2023. The plant is then expected to create more than 25 permanent full-time jobs in Louisiana.

“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,” said Scott Sutton, Olin Chairman, President, and Chief Executive Officer. “We are excited to partner with Plug, a leader in sustainable hydrogen, to serve the growing demand for green hydrogen.”

The Louisiana plant joins Plug’s growing national network of H2 plants in various planning and construction phases in New York, Tennessee, Georgia, Texas and California. By 2025, Plug expects to produce 500 tpd of liquid green H2, which will prevent 4.3 MM metric t of CO2 emissions in North America. By 2028, Plug expects to produce 1,000 tpd of liquid green H2.