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Nel, Itochu to support the global hydrogen economy with newly inked deal
© Nel

Nel, Itochu to support the global hydrogen economy with newly inked deal

Nel and Itochu Corporation want to expand the global hydrogen economy through the development of a production, transportation and distribution value chain.

The duo on Friday (Oct 8) inked a Memorandum of Understanding (MoU) for the effort that will also explore additional hydrogen business opportunities and develop tangible products.

Enthusiastic about the partnership, Itochu said the initiative will be promoted through Nel’s nearly 100 years of experience in the hydrogen industry and its international network.

As well as working among themselves, Nel and Itochu will also evaluate and explore each hydrogen project and business opportunity with Osaka Gas.

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