France’s Air Liquide invests in Australian technology firm Hydrexia

18 April 2013 08:47  [Source: ICIS news]

SINGAPORE (ICIS)--Air Liquide will take an equity investment in Australian firm Hydrexia, which has developed an effective and reliable hydrogen storage technology, the French industrial gases firm said on Thursday.

Air Liquide will make the unspecified amount of investment through its subsidiary ALIAD. Hydrexia’s hydrogen storage technology uses a new magnesium alloy in a solid form called hydride.

“This new alloy should make it possible for the production of fixed or mobile stocks at a competitive price compared to existing technologies, combined with a higher storage density,” Air Liquide said.

The technology is to be used for industrial hydrogen markets such as glass, steel and chemicals, Air Liquide said.

By: Pearl Bantillo
+65 6780 4359

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