Babcock & Wilcox announced that it has reached an agreement on a term sheet for General Hydrogen Corp., a CGI Gases subsidiary, to purchase net-negative carbon intensity hydrogen from a biomass-fueled facility utilizing BrightLoop technology being developed by B&W in Louisiana. As the exclusive partner within defined segments for the distribution of hydrogen produced at the plant, General Hydrogen would purchase and transport off-site up to 15 tons of hydrogen per day, and CGI Gases would purchase and transport compressed carbon dioxide captured during the process.
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