HydrogenPro meets the European Hydrogen Bank regulations [Yahoo! Finance]
ANDRITZ AG UNSP/ADR (ADRZY)
NASDAQ:AMEX Investor Relations:
andritz.com/group-en/investors
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Source: Yahoo! Finance
not be allowed to source more than 25 percent of electrolyser stacks - covering surface treatment, cell unit production, and stack assembly-from China . This week, the European Commission shared a letter that further clarifies the regulations. Based on dialogue with investors and analysts, HydrogenPro (OSE: HYPRO) observes that this has created uncertainty and has led to misunderstandings of the complex supply chain involved in the production of electrolysers. Therefore, HydrogenPro would like to clarify the following: HydrogenPro fully complies with the European Hydrogen Bank's funding requirements for our European projects. Any necessary adjustments to our supply chain will be minimal. Jarle Dragvik , CEO of HydrogenPro ASA, comments: ''We have thoroughly analyzed our supply chain based on the EU regulations, which includes our electrode production in Denmark and assembly at our collaboration and EPC partner ANDRITZ AG's site in Germany , and we are confident we will comply wi
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