ADN - BASF and Advent Technologies join hands for supply chain for hydrogen fuel cell systems in Europe

2023-05-09 09:45:14 ET

• BASF Environmental Catalyst and Metal Solutions and Advent Technologies ( NASDAQ: ADN ) establish join efforts in building a full loop component supply chain for fuel cells and enter discussions to extend the partnership into the field of water electrolysis.
• The scope of the agreement includes BASF’s role in scaling up MEA production at Advent’s planned state-of-the-art manufacturing facility in Western Macedonia, Greece, while offering Advent its full portfolio of products and services to enable circularity in key materials.
• BASF will expand its hydrogen related portfolio including precious metal services, catalysts, components and recycling by scaling up production of Celtec MEA (Membrane Electrode Assembly) technology for fuel cells
• Advent will produce fuel cell systems at planned state-of-the art manufacturing facility in Greece under the Green HiPo IPCEI program.

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