Australia's Pure Hydrogen gains most in 6 wks on deal with France-based Plenesys

Pure One

14/03/2022 02:48

** Shares of Pure Hydrogen Corp  PH2.AX  leap as much as
14.3% to A$0.44, their biggest intraday pct rise since Jan. 28
    ** The oil and gas explorer says it signed a binding
collaboration and licence term sheet with French clean hydrogen
Plenesys to commercialize the Plenesys HyPlasma process
 urn:newsml:reuters.com:*:nFWN2VG005
    ** Says collaboration will commence on a pilot plant to be
built in Brisbane in the next 12 months
    ** Adds that a commercial scale operation is planned with
capacities of 1,500kg up to 5,000kg per day of hydrogen, and
4,500kg up to 15,000kg per day of carbon products
    ** Stock hits highest since Mar 4
    ** Shares down 32.5% this year as of last close 



 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))