Olin Corporation and Plug Power announced the signing of a MoU with the intention to create a JV to produce and market green H₂ to support growing fuel cell demand in the global H₂ economy.

The JV is the first of its kind and will provide reliability of supply and speed to market for green H₂ throughout North America, setting the foundation for broader collaboration between the two companies. The first production plant in St. Gabriel, Louisiana will produce 15 tpd of green H₂.

This partnership brings together Olin with Plug Power, who is building an end-to-end global green H₂ ecosystem. Under the JV, Plug Power will market the H₂ and provide logistical support for delivery while Olin will provide reliable H₂ production and operational support. 

"Olin's 130-year history of producing hydrogen as part of our chlor alkali production process combined with Plug Power's leadership in the green hydrogen economy creates a powerful partnership to serve the growing demand for green hydrogen," said Scott Sutton, Chairman, President, and CEO of Olin. "This JV is a key step for Olin as we seek to recognize the full potential of Olin's untapped hydrogen supply capabilities across North America. We are excited to partner with Plug Power, a true leader in sustainable hydrogen, to serve the fuel cell market." 

Plug Power has been investing heavily in green H₂ production, the future of clean energy. This JV activity will expand Plug Power's existing work to build a "first of a kind" green H₂ generation network in North America to help customers achieve their sustainability goals of net-zero carbon emissions. Plug Power is targeting 70 tpd by the end of this year and is on track to deliver 500 tpd of green H₂ production by 2025 and 1,000 tpd by 2028.

"We believe widespread availability of green hydrogen will create a flywheel effect by making green hydrogen ubiquitous and economical, helping accelerate the proliferation of numerous fuel cell applications," said Andy Marsh, CEO of Plug Power. "Olin has proven itself as a leader and bringing Olin's reliable production capabilities together with the expertise of Plug Power is sure to make a lasting impact on the global hydrogen economy."

The JV is expected to be operational in 2023.