Plug Power Inc. (PLUG), a provider of turnkey hydrogen solutions for the global green hydrogen economy, and Olin Corporation (OLN), a vertically integrated chlor alkali producer and marketer, announced the launch of a joint venture, to begin with, the construction of 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 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 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 per day of liquid green hydrogen, which will prevent 4.3 million metric tons of carbon dioxide emissions in North America. By 2028, Plug expects to produce 1,000 tons per day of liquid green hydrogen.