Benzinga | Aug 25, 2021 02:37PM EDT

Hyzon Partner Raven SR To Build Hydrogen Production Hub In California

* Hyzon Motors Inc's (NASDAQ:HYZN) partner Raven SR Inc has announced its first waste-to-green hydrogen production hub.

* The hub will become operational in summer 2022 and is located at Republic Services Inc's (NYSE:RSG) West Contra Costa Sanitary Landfill in Northern California.

* The facility will be co-developed by Hyzon and Raven SR, with Hyzon investing up to 75% in the equity and offtake from the waste-to-hydrogen hub.

* Raven SR expects to process up to 99.9 tons of organic waste per day at the landfill, producing up to 2,000 metric tons per year of renewable hydrogen.

* Hydrogen fuel will be produced utilizing Raven SR's patented zero-combustion process.

* Hyzon will provide offtake through its vehicle customers.

* Price Action: HYZN shares are trading higher by 0.49% at $8.22 on the last check Wednesday.