Benzinga | Jul 14, 2021 11:22AM EDT

Hyzon Motors Signs Vehicle Supply Agreement With Coregas For Hydrogen-Powered Trucks

* Hyzon Motors Inc, which is going public via a SPAC merger with Decarbonization Plus Acquisition Corp (NASDAQ:DCRB), said its Australian subsidiary had signed a vehicle supply agreement with Coregas Pty Limited, a wholly-owned subsidiary of Australian conglomerate Wesfarmers Limited (OTC:WFAFY).

* Hyzon will deliver two hydrogen fuel cell-powered prime movers to New South Wales, Australia.

* The Hyzon Hymax-450 prime movers are expected to be delivered in the first half of 2022.

* The prime movers will be integrated with Coregas' existing diesel fleet and transporting specialty gases, including hydrogen, to Coregas customers in Sydney and wider New South Wales.

* "Hyzon is proud to partner with Coregas in our shared effort to decarbonize Australia's heavy trucking industry," said Hyzon CEO Craig Knight.

* Price action: DCRB shares are trading higher by 2.17% at $10.37 on the last check Wednesday.