Hexagon, a leader in clean fuel solutions, and Mitsui have agreed to expand and extend the two companies strategic alliance for a further five years to gain a further foothold in the hydrogen market.
The agreement, originally signed in 2016, has been expanded to also include Hexagon Purus, a leader in zero emissions through the company’s hydrogen cylinder systems, which was recently spun-off and listed on Euronext Growth Oslo.
With rapid expansion since the agreement was first signed in 2016, it is predicted that this upward trajectory will continue into the next five years, starting from 21st March, with both companies using their expertise to expand further into the hydrogen sector.
Hexagon Composites CEO Jon Erik Engeset said, “With Misui’s comprehensive industrial background and global reach, Mitsui has opened doors for Hexagon to geographies worldwide and industrial segments, like carbon fiber, natural gas and hydrogen where it has extensive expertise.”
These thoughts were echoed by Morten Holum, CEO of Hexagon Purus, who added, “Mitsui’s vast knowledge and geographical reach makes them a very valuable partner to Hexagon Purus as we prepare to accelerate zero-emission mobility and expand our worldwide footprint.”