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Chemical maker Chemours Co CC-N said on Wednesday it has partnered with TC Energy Corp TRP-T to develop two clean hydrogen production facilities in West Virginia.

Clean hydrogen, made using renewable energy to power electrolyzers to convert water, is being backed by many governments for vehicles and energy plants, but it is currently too expensive for widespread use.

The facilities would be located at or near Chemours’ Washington Works and Belle manufacturing sites in West Virginia, the company said.

The agreement covers the companies’ interest in developing, constructing and operating clean hydrogen production facilities and associated infrastructure.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 21/05/24 10:17am EDT.

SymbolName% changeLast
CC-N
Chemours Company
-2.97%28.07
TRP-T
TC Energy Corp
+1.17%53.57
TRP-N
TC Energy Corp
+0.41%39.22

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