Hydrogenone Capital Growth Plc (GB:HGEN) has released an update.
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HydrogenOne Capital Growth Plc, a clean hydrogen investment fund, has announced that its portfolio company Strohm BV secured its largest contract for supplying thermoplastic composite pipeline technology to TotalEnergies. This deal marks Strohm’s expansion into the ultra-deepwater market with a pipeline solution that offers a 50% reduction in CO2 footprint, aligning with the industry’s shift towards greener operations. Set for installation in the Brazilian pre-salt area by 2026, Strohm’s innovative pipelines are poised to address long-standing corrosion issues and support the transition from fossil fuels.
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