Skip to main content

InvestorNewsBreaks – PowerTap Hydrogen Capital Corp. (NEO: MOVE) (OTC: MOTNF), Coleman Enters Strategic LOI for CO2, Hydrogen Purchase Agreement

PowerTap Hydrogen Capital (NEO: MOVE) (OTC: MOTNF), a leading provider of onsite hydrogen production technology, and it subsidiary PowerTap Hydrogen Fueling Corp. has signed a nonbinding letter of intent (“LOI”) with Coleman Industrial Gases LLC for an innovative and combined CO2/hydrogen purchase agreement. According to the LOI, the pricing and terms of the future sale of product by PowerTap to Coleman is subject to the negotiation of a definitive offtake agreement, ultimately binding both parties into a strategic long-term partnership. The two companies will “use their best commercial efforts” to negotiate a definitive agreement by the end of the year. According to the announcement, PowerTap will sell both food-grade CO2 and fueling grade hydrogen to Coleman. The agreement also outlines plans to deploy PowerTap’s unique on-site hydrogen production and fueling equipment at several sites for “use” and “sequestration” projects. As a result of the agreement, Coleman’s future fleet of fuel-cell electric trucks (“FCETs”) will have a strong fueling partner in PowerTap. The two companies pointed out that one of the remarkable aspects of this pending agreement is “the bilateral exchange including affordable hydrogen to fuel Coleman-operated class 8 FCETs, further reducing emissions and promoting sustainability.” The LOI also outlines an additional opportunity in which dry ice manufacturing from Coleman subsidiary CMC Dry Ice Manufacturing LLC may be integrated as a collocated distribution center at PowerTap refueling stations. “Our pending partnership with Coleman is a testament to the power of collaboration in advancing clean energy solutions,” said PowerTap CEO Salim Rahemtulla in the press release. “Together, we are poised to make a positive impact on the environment while meeting the evolving needs of our customers.”

To view the full press release, visit

About PowerTap Hydrogen Capital Corp.

PowerTap Hydrogen, through its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap is in the process of commercializing its third-generation, blue-hydrogen product, which will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. For more information about the company, please visit

NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office

InvestorWire is powered by IBN

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.