Ardmore Shipping Corporation has signed definitive agreements for the previously announced strategic investment in Element 1’s (e1) methanol-to-hydrogen technology.
The agreements cover the setting up of the e1 Marine joint venture (JV), along with the company’s acquisition of nearly 10% of equity share in e1.
Ardmore has also signed a definitive agreement with Maritime Partners (MP) for investing between $25m and $40m in Ardmore’s newly created Series A 8.5% Cumulative Redeemable Perpetual...
https://www.ship-technology.com/news/ardmore-signs-definitive-agreements/