As part of a new strategic partnership, Chart Industries has invested €30m in French hydrogen production company McPhy.
In addition to its investment, the US-based liquefaction and cryogenic equipment company also signed a commercial Memorandum of Understanding (MoU) with McPhy.
Through the MoU, the companies hope to stimulate new hydrogen demand for the parties’ respective equipment and solutions globally, by identifying new customers and projects.
Chart and McPhy will also work on studying options to scale up projects for production, storage, transport and fuelling in all addressable markets.
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