Matrix Service Company’s subsidiary, Matrix PDM Engineering, has entered into an exclusive Memorandum of Understanding (MoU) with Tissot Industrie, a French-based construction company, to offer total engineering, procurement, and construction (EPC) solutions for liquid hydrogen storage across several countries, including the United Kingdom, Norway, Switzerland, and the European Union.
The demand for hydrogen as a clean energy source has significantly increased in recent years, and many countries have set ambitious goals to reduce their carbon footprint. Hydrogen is seen as a promising alternative to fossil fuels as it can be produced from renewable sources and emits only water when burned.
However, to support the growth of hydrogen as an energy source, a comprehensive infrastructure must be developed, which includes production, transportation, and storage facilities. This is where the partnership between Matrix PDM Engineering and Tissot Industrie comes in.
Matrix PDM Engineering is an expert in cryogenic engineering and technologies, while Tissot Industrie has vast experience in construction, with over 650 spheres designed, fabricated, and erected. By joining forces, the two companies can provide complete solutions for customers across Europe seeking storage and terminal solutions to support their hydrogen ambitions.
John Hewitt, the President, and CEO of Matrix Service Company, sees this partnership as a significant step towards meeting the global demand for hydrogen infrastructure. He expressed his excitement by stating, “This partnership marries Matrix PDM’s unrivaled expertise in cryogenic engineering and technologies with Tissot’s world-class international construction expertise to provide complete solutions for customers across Europe that are seeking storage and terminal solutions to support their hydrogen ambitions.”
Gérard Tissot, the President of Tissot Industrie, believes that this partnership will enhance their contribution towards the new energy transition in the markets where they operate. He stated, “Together we will bring the highest standards and expertise from both companies to deliver the best in class to the hydrogen sector.”
The MoU is exclusive, meaning that Matrix PDM Engineering and Tissot Industrie will work together solely on liquid hydrogen storage solutions. The partnership will benefit from the strengths of both companies and provide complete solutions for the hydrogen sector.
The partnership between Matrix PDM Engineering and Tissot Industrie is a significant step towards meeting the growing demand for hydrogen infrastructure. The European Union has set a goal of producing up to one million tonnes of renewable hydrogen by 2024, and the demand for hydrogen is expected to increase exponentially in the coming years.
By providing complete EPC solutions for liquid hydrogen storage, the partnership can help accelerate the growth of the hydrogen economy. The storage of hydrogen is critical as it allows for the transportation and distribution of hydrogen across different regions.
Moreover, the partnership can help create job opportunities in the construction and engineering sectors, which can further support the growth of the hydrogen industry.
While the partnership between Matrix PDM Engineering and Tissot Industrie is exciting news, there are still some challenges that must be addressed. One of the biggest challenges is the cost of hydrogen infrastructure. Developing comprehensive infrastructure for hydrogen production, transportation, and storage requires significant investment, and it may take time for the industry to become profitable.
Moreover, there is currently a lack of regulation and standards for hydrogen infrastructure, which may cause safety concerns. As hydrogen is a highly flammable gas, it is crucial to ensure that the storage and transportation of hydrogen are done safely.
The partnership between Matrix PDM Engineering and Tissot Industrie is a significant development in the hydrogen industry. By providing complete EPC solutions for liquid hydrogen storage, the partnership can support the growth of the hydrogen economy and accelerate the transition towards clean energy.