HYZN - Hyzon Motors up 6% on plans to develop green hydrogen supply with Woodside Petroleum

Hyzon Motors (NASDAQ:HYZN) is up 6% in pre-market trading after the company extends its partnership with Australia's Woodside Petroleum (OTCPK:WOPEF, OTCPK:WOPEY) to develop liquid hydrogen supply. Under the agreement, the companies will evaluate opportunities to develop green hydrogen production facilities and building demand from medium- and heavy-duty commercial vehicle customers in the United States and Australia. The deal follows a joint venture formed between Woodside Petroleum and Hyzon Motors to build an initial 290 MW hydrogen production facility in Oklahoma. The facility is to use electrolysis to produce up to 90 tons/day of liquid hydrogen for the heavy transport sector.  "By partnering with Woodside to develop liquid hydrogen supply, Hyzon furthers its goal of decarbonizing heavy transport by reducing the infrastructure development requirements which currently hinder long-range trucks from converting to hydrogen. This is particularly relevant for the Australian market, where freight corridors face especially long distances between refueling, as well as for coast-to-coast trucking in the US," says

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Hyzon Motors up 6% on plans to develop green hydrogen supply with Woodside Petroleum