PowerTap will sell food-grade CO2 and fueling-grade hydrogen to Coleman for its future fleet of fuel cell electric trucks (FCET).(Source: Shutterstock)
PowerTap Hydrogen Fueling Corp. said Sept. 19 it signed a non-binding letter of intent (LOI) with Coleman Industrial Gases LLC to negotiate and enter a CO2 and hydrogen purchase agreement.
As part of the agreement, PowerTap will sell food-grade CO2 and fueling-grade hydrogen to Coleman for its future fleet of fuel cell electric trucks (FCET). PowerTap will also deploy its hydrogen production, fueling and CO2 capture and storage equipment at several sites, according to a news release.
“Our pending partnership with Coleman is a testament to the power of collaboration in advancing clean energy solutions,” said PowerTap CEO Salim Rahemtulla. “Together, we are poised to make a positive impact on the environment while meeting the evolving needs of our customers.”
The companies are also considering integrating Coleman affiliate CMC Dry Ice Manufacturing LLC and PowerTap US refueling stations at a co-located distribution center to eliminate CO2 transport.
“In these cases, CMC will offer the dry ice produced to PowerTap FCET OEMs and fleet operators for cold transport of products such as vaccines and produce, further positioning PowerTap US as a cost competitive resource to fleets,” the release stated.
PowerTap and Coleman aim to reach a definitive agreement by Dec. 31.
The two have already agreed to collaborate on a dual-purpose storage and delivery system in which PowerTap US’ hydrogen production hub sites will use Coleman rail-based tankers as CO2 storage tanks, according to the release.
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