Mar 17 2021 Ardmore Shipping Corporation ( Ardmore, ASC, or the Company ) announced that it has signed a Letter of Intent ( LOI ) with Element 1 Corp. ( E1 ) and Maritime Partners, LLC ( MP ) whereby the parties propose to establish a joint venture for the purpose of delivering E1 s unique methanol-to-hydrogen technology to the marine sector, as well as make certain other investments as described herein. Element 1 Corp., headquartered in Bend, Oregon, is a leading developer of advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications and remote locations such as marine, trucking, automotive, off-road vehicles, rail, warehousing, and backup power supply sectors. E1 s proprietary technology produces hydrogen on demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen.
Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore,” “ASC,” or the “Company”) today announced that it has signed a Letter of Intent (“LOI”) with Element 1 Corp. (“E1”) and Maritime Partners, LLC (“MP”) whereby the parties propose to establish a joint venture for the purpose of delivering E1’s unique methanol-to-hydrogen technology to the marine sector, as well .
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