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Phillips 66, Plug Power to collaborate on hydrogen business opportunities

Phillips 66, Plug Power to collaborate on hydrogen business opportunities

Phillips 66 and Plug Power have today (Oct 13) unveiled a memorandum of understanding (MoU) that will see the groups collaborate on the development of low-carbon hydrogen opportunities.

As part of the agreement, the companies will look to implement Plug Power’s hydrogen technology within Phillips 66’s operations to enable decarbonisation in addition to creating a value chain for hydrogen.

Read more: Airbus, Plug Power partner in landmark agreement to introduce green hydrogen to airports; US airport to be selected as a first ‘Hydrogen Hub’ pilot

Plug Power will benefit from Phillips 66’s capabilities as a developer of large-scale energy infrastructure, operator of industrial-scale hydrogen production facilities, and presence in the fuels marketing segment in the US and Europe.

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