Pure Hydrogen Corporation Limited (ASX:PH2) Secures Landmark Agreement with GreenH2 LATAM
Landmark Agreement
Pure Hydrogen Corporation Limited has executed a Master Supply and Distributor Agreement with GreenH2 LATAM, designating Pure Hydrogen as the preferred supplier for two projects in Mexico. The deal includes the supply of four 2.5MW electrolysers, hydrogen compression and refuelling equipment, and hydrogen storage and transport systems, valued at approximately A$44 million.
Strategic Implications
Under the agreement, GreenH2 LATAM will have exclusive distribution rights in Mexico and Colombia, contingent on generating a minimum of US$20 million in annual net sales from Pure Hydrogen’s equipment. This partnership follows recent orders from TOLL Transport and Heidelberg Materials, strengthening Pure Hydrogen’s position in the Latin American hydrogen market and enhancing its global reach.
Executive Comments
Managing Director Scott Brown stated, “We are delighted to finalise this transformative agreement with GreenH2 LATAM, coupled with significant purchase orders that underscore increasing demand for hydrogen solutions in Latin America. This deal further validates our strategy and enhances our global reach.”
GreenH2 LATAM CEO Hector Sánchez Baena added, “We are thrilled to collaborate with Pure Hydrogen in advancing Mexico’s path to net-zero and fostering broader sustainability across Latin America.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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