Ardmore Shipping has joined forces with a maritime lender and a clean energy company on a hydrogen joint venture.
The Irish product tanker owner announced on Monday the three-way tie-up with Maritime Partners and Element 1, resulting in the creation of e1 Marine to develop methanol-to-hydrogen technology for the shipping industry.
"We are excited about the market opportunity for [Element 1's] methanol-to-hydrogen technology," Ardmore chief executive Anthony Gurnee said in a statement.
