Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has entered into commercial supply agreements with a Tier 1 US industrial gas producer and distributor.
The first agreement provides Charbone with access to hydrogen supply ahead of its own production, ensuring availability for its customers.
The second agreement enables Charbone to expand its product offerings to include helium and other complementary industrial gases, broadening its market reach.
The agreements support the company’s strategy to capitalize on North American market opportunities, particularly in Canada.
The company highlighted its plan to deploy 16 hydrogen production plants across Canada and the US, including the flagship Sorel-Tracy project, which is expected to begin green hydrogen production in the first half of 2025.
Securing a supply agreement with a leading US industrial gas producer for bulk hydrogen and other gases will enable Charbone to expand its revenue streams, enhance its logistics and transportation operations, and meet increasing demand from existing customers, the company added.
Further, this agreement will help Charbone serve a broader customer base while assisting its new partner in accessing the Canadian market.
“This collaboration reinforces our leadership in the hydrogen market while generating new revenue streams,” CEO Dave Gagnon said.
“This enhancement to our offerings will solidify and bolster our position as a market leader in hydrogen while leveraging an existing and underserved market, especially in Canada,” Gagnon added.