NEXTCHEM (MAIRE) and Vallourec sign partnership agreement for hydrogen storage [Yahoo! Finance]
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
Company Research
Source: Yahoo! Finance
Meudon, 3 April 2024 – Vallourec, a world leader in premium tubular solutions, and NextChem Tech, NEXTCHEM's (Sustainable Technology Solutions) subsidiary dedicated to decarbonization technologies, have signed a partnership agreement aimed at integrating Delphy hydrogen storage solution, developed by Vallourec, into hydrogen and green ammonia production projects where NEXTCHEM is involved as technology provider worldwide. Large-scale hydrogen storage is needed to cope with intermittency in green hydrogen production based on renewable energies and to ensure continuous supply to industrial processes consuming hydrogen, especially green ammonia production. The two partners will study the integration of the Delphy storage solution, developed by Vallourec, into green hydrogen projects NEXTCHEM is participating in. The cooperation will focus on the synergies between NEXTCHEM's world leading proprietary green ammonia production technologies and Vallourec's high-capacity hydrogen storage
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