Nel receives a purchase order for an alkaline electrolyzer system from an Indian customer

Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE: NEL), has received a purchase order from an undisclosed Indian refinery for an alkaline electrolyzer to provide hydrogen for oleochemicals production.

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Oleochemicals are used in a broad range of products and industries, like metalworking lubricants, additives for plastics, rubber and paper production, automotive lubricants, greases, fuel additives, and personal care products such as soaps, lotions, cosmetics, and deodorants.

The purchase order has a value of approximately EUR 2 million, and delivery of the equipment is expected to be mid-2023.


Source: Nel ASA

Market: Hydrogen Stocks

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