By Carlo Martuscelli

Akzo Nobel N.V. (AKZA.AE) said that its specialty chemicals business, together with Gasunie New Energy, is considering building a 20 megawatt electrolysis plant in the Netherlands to convert water into hydrogen using green energy.

The aim of the project is to store green energy in the form of hydrogen through electrolysis, using electricity to convert water into the gas, the industrial paints and chemicals company said.

Akzo said that the eventual aim is to build even larger plants to store green energy as hydrogen. Currently the largest planned electrolysis plant in the Netherlands has a 1 megawatt capacity, it said.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

January 09, 2018 04:53 ET (09:53 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Akzo Nobel NV (QX) (USOTC:AKZOY)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Akzo Nobel NV (QX).
Akzo Nobel NV (QX) (USOTC:AKZOY)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Akzo Nobel NV (QX).