PLAGAZI AB (PUBL) SIGNS A NEW, EXTENDED LETTER OF INTENT WITH KÖPING MUNICIPALITY FOR THE CONSTRUCTION OF "KÖPING HYDROGEN PARK" - EXPECTED TO PRODUCE 12.000 TONNES (51 MW) OF GREEN HYDROGEN ANNUALLY.
Plagazi AB (publ) (“Plagazi” or the “Company”) has signed a new letter of intent (“LOI”) together with Köping Municipality (“Köping”) with the intention to update the parties' LOI from 2019. The new LOI increases the size of the project, accelerates key milestones and clarifies the next steps. The partners' new LOI triples the project's previously agreed size to an estimated annual production of 12.000 tonnes (51 MW) of green hydrogen.The new letter of intent names the project "Köping Hydrogen Park", where Köping has committed to provide the project with the necessary land for the new