FormerXBC Inc XEBEQ

RE:Offset Paris Carbon Emissions With Clean Hydrogen

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Michelin and carparts maker Faurecia SE reiterated a plan to invest 140 million euros by 2025 to build a hydrogen fuel-cell plant in France with a production capacity of 20,000 systems. Production of fuel cells will start in two years, Menegaux said. Cities with a lot of traffic will develop zero-emission zones, Menegaux said in Paris Tuesday. In 2030, well for sure have hundreds of thousands of hydrogen vehicles in Europe. Symbio, the name of Michelin and Faurecias joint venture, aims to be a hydrogen fuel-cell system leader with a target revenue of about 1.5 billion euros by 2030. The nascent market is currently dominated by companies such as Japanese car giant Toyota Motor Corp. and Canadas Ballard Power Systems Inc.