Permascand has signed a LOI with RES for the co-development of a commercial research center in RES’s green hydrogen plant in Alby, Ånge Municipality, Sweden.

The purpose of the letter of intent is to continue negotiations for the establishment and investment in a commercial research center for testing and evaluation of Permascands products in a production plant, allowing for significant and important project results.

“It is a very positive and interesting start that we can jointly contribute to a development project of this kind,” says Permascand CEO Peter Lundström.

RES is driving the development and construction of a green hydrogen plant in Alby, which is located in an area designated by the nge Municipality for the development of energy-intensive industry. By the turn of 2024/2025, the goal is to be able to provide green hydrogen to the industry in a first stage. By the turn of the century, with a new grid connection, the facility will be gradually expanded on a larger scale.

The terms of the collaboration will be spelled out in a future, legally binding agreement.