Home News Sustainability

Nanofilm Technologies confirms $140 million JV with Temasek to capture growing hydrogen economy

The Edge Singapore
The Edge Singapore7/19/2021 9:23 PM GMT+08  • 2 min read
Nanofilm Technologies confirms $140 million JV with Temasek to capture growing hydrogen economy
The joint venture Sydrogen is eyeing China, where government policies favour the hydrogen economy
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Nanofilm Technologies International has signed a definitive agreement with Temasek to form a joint venture, Sydrogen Energy, to create products to be used in the growing hydrogen economy.

Under terms of the JV, Nanofilm will take a 65% stake in the company, with Temasek holding the remainder.

The total initial investment in Sydrogen is around $140 million, of which Nanofilm will chip in $21 million, as well as the transfer of its hydrogen energy business and licence of the its intellectual property relating to the business.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.