- Power2X acquires HyCC to advance green hydrogen solutions.
- Nobian continues green hydrogen production in the Netherlands and Germany.
- HyCC was founded in 2021 to develop large-scale green hydrogen solutions.
Transaction Overview
Nobian and Macquarie Asset Management have sold their interest in HyCC, the Hydrogen Chemistry Company, to Power2X. This move aims to accelerate HyCC's commercial deployment of large-scale green hydrogen solutions under new ownership.
Power2X's Strategic Focus
Power2X is dedicated to decarbonizing hard-to-abate sectors through green molecule projects. The company plans to develop and scale HyCC's operations, aligning with its long-term growth strategy. Power2X will take full operational and commercial responsibility for the joint venture.
Nobian's Continued Commitment
Nobian remains focused on its core expertise in chlorine electrolysis, closely linked to the green hydrogen value chain. The company will continue producing and commercializing green certified hydrogen at its chlor-alkali plants in the Netherlands and Germany, leveraging synergies, reliability, and efficiency.
HyCC's Role and Future
Founded in 2021, HyCC has been a pioneer in developing large-scale green hydrogen solutions for hard-to-abate industries. The transition to Power2X ownership marks a new phase in its commercial development.
