Plastic Omnium – launch of PO-Rein joint venture in China, manufacture and market high-pressure hydrogen storage systems.
The new 50/50 joint venture between Plastic Omnium and Rein Hytech, a subsidiary of Shenergy Group, is now operational, under the name PO-Rein. The joint venture has for ambition to manufacture and market high-pressure hydrogen storage systems for the Chinese commercial vehicle market.
Announced on January 11, 2023, this joint venture covers the setup of production capacities in Shanghai (Jiading district) to serve the growing Chinese market: a pilot production line for type IV
high-pressure hydrogen vessels will be commissioned in the course of 2025, and a new mega-plant
with an annual production capacity of up to 60,000 high-pressure hydrogen vessels, is scheduled
to be operational from 2026 onwards.
PO-Rein is consolidated in Plastic Omnium’s financial statements.
About Plastic Omnium
Plastic Omnium is a world leader in innovative solutions offering a unique mobility experience which is safer and more sustainable. Innovation-driven from the very beginning, Plastic Omnium develops and produces intelligent exterior systems, customized complex modules, lighting systems, energy storage systems, and electrification solutions for actors from every mobility sector.
With €9.5 billion economic revenue in 2022, an international footprint of 150 plants and 43 R&D centers, Plastic Omnium relies on its 40,500 employees to meet the challenges of transformations in mobility. Plastic Omnium is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570). www.plasticomnium.com
About Rein Hytech
As a subsidiary of Shenergy Group, Rein Hytech is a comprehensive solution provider of hydrogen energy infrastructure and supply, integrating R&D, manufacturing, sales, services and system integration.
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LAUNCH OF PO-REIN JOINT VENTURE IN CHINA, June 21, 2023
