Bakken will purchase the Great Plains Synfuels Plant in Beulah, North Dakota, owned by Basin Electric Power Cooperative. The deal is expected to be completed in April 2023.
The facility will serve as the base for a USD 2-billion hydrogen hub that will produce an estimated 310,000 tonnes per year. It is expected to begin producing hydrogen in 2026.
In June 2021, Bakken signed an agreement with Mitsubishi Power Americas to partner on the project.
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