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Tanker Firm Ardmore Backs Hydrogen Fuel Cells for Shipping

Ardmore Shipping Announces Hydrogen Joint Venture

Ardmore Shipping Announces Hydrogen Joint Venture Maritime Activity Reports, Inc. © Alexander Demin / MarineTraffic.com Tanker owner and operator Ardmore Shipping Corporation said it has signed a Letter of Intent (LOI) with Element 1 Corp. (E1) and Maritime Partners, LLC (MP) to establish a joint venture for delivering E1 s methanol-to-hydrogen technology to the marine sector. Ardmore, E1 and MP will establish e1 Marine, each owning 33.3% of the joint venture. e1 Marine will have a worldwide mandate for the marketing, development, licensing and sale of E1 s unique hydrogen generation systems for application to the marine industry, including shipping, refrigerated containers, offshore energy, renewable energy, passenger and leisure, and certain port infrastructure and related applications.

Ardmore backs hydrogen fuel cell venture

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