Chemours, TC Energy reach MOU over regional hydrogen production
The Chemours Co. and TC Energy have reached a memorandum of understanding on the potential construction of two green hydrogen production plants in West Virginia.
The Chemours Co. announced on Wednesday that it had signed a Memorandum of Understanding with TC Energy regarding the construction of two hydrogen production plants green in West Virginia.
Chemours and TC Energy, both listed on the New York Stock Exchange (NYSE: CC), are members of the Appalachian Regional Clean Hydrogen Hub. The financial terms of the deal were not announced.
ARCH2 is West Virginia’s official application for funding to build a regional hydrogen hub. However, this application also involves a number Pittsburgh-area companies such as EQT Corp. Neither company is involved in the Chemours/TC Energy Project. Chemours & TC Energy stated that the MOU had to do with green hydrogen.
Chemours announced that the two hydrogen-production facilities will be located in Washington Works, near Parkersburg, and Belle, near Charleston. The electrolysis process would use solar energy and wind power as feedstocks, without emitting carbon dioxide. They would also be using Nafion technology developed by Chemours. The hydrogen would be stored at TC Energy and transported to Chemours' plants.
TC Energy is a pipeline company and infrastructure provider that Chemours has said they have been working with on blending natural gas and hydrogen for use in their boiler equipment.
Jonathan Lock, SVP/Chief Operating Officer at Chemours, said: "As West Virginia’s largest chemical producer, we are excited about the potential that these clean hydrogen production plants can offer the state, as well as the further decarbonization our operations."