By Dominic Chopping

Norwegian hydrogen plant manufacturer HydrogenPro AS said Friday that its cooperation on the Normandy hydrogen project will end after H2V Industry sold its remaining 60% stake in the project to Air Liquide SA.

"Following the announcement of Air Liquide's purchase of 40% of the Normandy project in February 2021, the deal announced was always a possible outcome," said HydrogenPro Chief Executive Marten Lunde.

The deal will have only a fractional short-term impact and has no impact on HydrogenPro's work with H2V to mature the Dunkirk green hydrogen project, with final public approval expected to be given during the first quarter of 2022, the company added.

"This is of course disappointing to us, but we continue our good co-operation with H2V on the Dunkirk project as well as other opportunities in France," Mr. Lunde said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

October 22, 2021 04:30 ET (08:30 GMT)

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