Superior Plus Inks Supply, Distribution Deal With Charbone For Green Hydrogen

Superior Propane, Superior Plus Corp's SPB SUUIF energy distribution business in Canada, and Charbone Hydrogen Corp CH have entered into a supply and logistics agreement to provide green hydrogen to commercial and industrial customers located initially in Quebec, Canada. Financial terms not disclosed.
As per the agreement, Charbone will provide Superior with green hydrogen from its Sorel-Tracy, Quebec facility, with initial deliveries expected as early as the third quarter of 2022.
Superior Propane will be responsible for delivering hydrogen directly from Charbone's facility to Superior's existing and new customers.
Price Action: SPB shares closed lower by 0.26% at C$11.52 on TSX on Thursday.