Brief: McPhy Preselects Belfort For Installation Of Its Electrolyzer Gigafactory

Mcphy Energy SA

20/05/2021 06:37

May 20 (Reuters) - McPhy Energy SAS  MCPHY.PA :
    * REG-MCPHY PRESELECTS BELFORT FOR THE INSTALLATION OF ITS
ELECTROLYZER GIGAFACTORY
    * OBJECTIVE IS TO START PRODUCTION IN FIRST HALF OF 2024
WITH A
GRADUAL RAMP-UP TO A CAPACITY OF 1 GW PER YEAR
    * CREATION, AT FULL LOAD, OF MORE THAN 500 MCPHY JOBS
(INCLUDING
AROUND 400 IN FRANCE AND A HUNDRED IN GERMANY AND IN ITALY), AND
OF SEVERAL HUNDRED INDIRECT JOBS IN FRANCE AND EUROPE
    * CONFIRMATION OF PRESELECTION AND FINAL INVESTMENT DECISION
BY
MCPHY SHOULD TAKE PLACE BY END OF 2021
    * MARKET THAT REMAINS VERY BUOYANT, BUT SALES SLOWER TO
MATERIALIZE IN 1(ST) HALF
    * CONSTRUCTION OF THIS NEW INDUSTRIAL INFRASTRUCTURE WOULD
REPRESENT AN INVESTMENT OF EUR 30 TO EUR 40 MILLION

Source text for Eikon:  ID:nGNE9wQTkW 
Further company coverage:  MCPHY.PA 

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